Looming North American gas crunch sets stage for drilling recoveryPrices 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....
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Sharp rebound possible in exploration Capital spending expected to grow Northern regions may see exploration Not all forecasts upbeat
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