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Vol. 7, No. 45 Week of November 10, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


Looming North American gas crunch sets stage for drilling recovery

Prices heading upward; Canada expects hike in oil and gas drilling of up to 22 percent in 2003 as operators put more cash flow into ground

Gary Park

PNA Canadian Correspondent

With the growth in North America’s natural gas demand outpacing supply and the major gas basins in decline, there are the first signals that this year’s slowdown in capital spending of about 30 percent is coming to an end. Even with relatively normal winter temperatures, the Natural Gas Supply Asso....

    [additional news subjects in this story]

Sharp rebound possible in exploration

Capital spending expected to grow

Northern regions may see exploration

Not all forecasts upbeat


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