Drillers, land buyers keep low profile in Western CanadaFirst quarter returns on land auctions plunge 55 percent; new well permits dive 33 percent, reflecting sharp cuts in capital spending budgets Gary Park PNA Canadian Correspondent
The latest blip in oil and natural gas prices has failed to register on land buying and drilling across Western Canada. Exploration land, with the single exception of northeastern British Columbia, is selling at its lowest price in three years and governments are bearing the cost.
Auctions of publi....
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Alberta sales down Less than 50 percent of rigs working Permits down
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