CALGARY, April 5 /CNW/ - Over 70 per cent of drilling activity in Canada
is focused on natural gas targets. As a result, weakened natural gas commodity
prices are causing a slow down in the drill bit for the first time in five
years. Ripple effects in the service and supply sectors are anticipated
throughout the next quarter when drilling is expected to drop by as much as
30 per cent (compared to the same quarter in 2006).
Watch Energy-TV's Spring Drilling Update to see industry leaders discuss
how long this slow down is expected to last and what the outlook is for the
rest of 2007.
Energy-TV (www.energy-tv.com) is a weekly half hour news magazine program
that provides viewers with the major stories affecting the nation's petroleum
sector. Watch Energy-TV each week on Canwest CH in Calgary (Channel 50), in
Edmonton (Channel 54) and in Red Deer (Channel 6 or 11) Saturdays at
12:30 p.m. to 1 p.m. and Sundays 4:30 p.m. to 5 p.m.
For further information:
For further information: Neil Chandran, firstname.lastname@example.org, Phone: (403)