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Vol. 14, No. 10 Week of March 08, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry


Upstream heads downhill

Western Canada reeling as drilling, well permits, land sales crumble in the face of tight financial markets, cratering gas prices

Gary Park

For Petroleum News

Even with land at basement-price levels, the major operators are turning their backs on government auctions in Western Canada, with returns for the three leading provinces totaling C$73.36 million for the first two months compared with C$393.42 million last year. Itís small comfort to Alberta, which....

    [additional news subjects in this story]

Based on $50 WTI

Land sales down

Gas outlook dismal

Gas operating costs up


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