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Vol. 12, No. 45 Week of November 11, 2007
Providing coverage of Alaska and northern Canada's oil and gas industry


Winter ‘toast,’ drillers see crumbs for 2008

Canadian drilling contractors expect rig utilization to hit lowest ebb since 1986-92; braced for further revisions once oil and gas industry understands Alberta's royalty hike

Gary Park

For Petroleum News

Even without knowing the detailed impact of higher oil and gas royalties in Alberta, Western Canada is heading into its crucial winter drilling season in deep trouble and faces what the Canadian Association of Oilwell Drilling Contractors says will be a “sub-economic” year. CAODC President Don Herr....

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Rig rate forecast at 34%


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