Gas prices shrink Canada’s well count
Weakened natural gas prices reflected in less drilling than projected; with count down, will be first drop in drilling since 2002
By Gary Park
For Petroleum News
Weakened natural gas prices seem to have put paid to another record year of oil and gas well completions in Canada.
In an updated report July 26, the Petroleum Services Association of Canada lowered its forecast for 2006 to 23,410, off 12.4 percent from its April target of 26,725 wells and 7.5 perce....
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