More gloom for oil, gas drillers
Contractorsí association takes knife to forecasts, lowering Western Canada target by 22%; consultant warns of slump in prices
For Petroleum News
The outlook for oil and gas drillers is so gloomy that the Canadian Association of Oilwell Drilling Contractors has, for the first time in more than 20 years, lowered its forecast in the middle of the winter drilling season.
Four months after releasing its 2009 predictions, CAODC has cut its target....
[additional news subjects in this story]
Drillers being laid off
Gas forecast to drop
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