Big drilling drive pays off in Canada2004 saw unprecedented upstream activity, with 99.5% replacement rate for natural gas, 119% for oil and 136% for oil sands Gary Park Petroleum News Canadian Contributing Writer
It took a mammoth effort in money and drilling, but the end result of unprecedented upstream activity in 2004 was that Canada added more oil and gas reserves than it produced.
After completing 23,000 wells and spending C$33 billion (plus C$6.2 billion for the oil sands), the industry’s production re....
[additional news subjects in this story]
Oil sands mining reserves up Three-quarters of gas wells in shallow plays
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