This report offers a detailed five-year forecast of Canada’s Gas Extraction Industry.
Canada’s Gas Extraction Industry: Industrial Outlook Summer 2010
Canada’s Gas Extraction Industry: Industrial Outlook Summer 2010
Industry Economic Analysis
$1,275.00
- Conventional Production—Low prices should keep drilling weak, putting future production at risk. Moreover, as average well productivity continues to fall, gas companies will be forced to drill more for less gas.
- Demand—Demand for natural gas is expected to increase throughout the forecast. Use of natural gas as an input into the non-conventional oil industry has tripled in the past decade.
- Costs—Competition with the oil extraction industry is predicted to send costs spiralling upward at a brisk pace over the forecast. Labour and material constraints are a real problem for the industry.
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