Feeling the gas crunch
North American producers chase deeper targets, forego shallow drilling in bid to combat costs; Western Canada headed for decline in activity through 2014
For Petroleum News
EOG Resources is transferring its Canadian natural gas focus from shallow vertical prospects to horizontal shale gas and Apache is moving from shallow conventional and unconventional projects to deeper, higher-return targets.
Those strategic shifts by two of the largest U.S.-based companies operatin....
[additional news subjects in this story]
Deeper prospects targeted
High prices triggered gas drilling
Apache lowering spending
Mackenzie gas line conditions set
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