Canada’s upstream in a sickly state
Land sales, new well permits take hammering in first quarter; Alberta oil sands, conventional gas, CBM take heaviest punishment
For Petroleum News
Key guides to the health of Canada’s upstream sector keep pointing to a less-than-robust industry.
With the first-quarter statistics in, government land sales took a drubbing, off by 64 percent or more than C$1 billion from a year ago, while permits for new wells shrank 22 percent.
Thus two of the m....
[additional news subjects in this story]
Downturn most evident in Alberta
Saskatchewan bucks the trend
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