S&P: Canadian oil, gas firms realize growth through increased production

Canadian oil and natural gas companies benefited from robust oil and gas prices and continued growth through production in the second quarter, according to a report released Aug. 26 by Standard & Poor's Ratings Services.Canada's exploration and production companies also have started to realize production growth from recently completed projects, international operations, and increased drilling activity, S&P reported."As conventional domestic reserves continue to decline, we expect Canadian oil and gas companies will increasingly look to international regions for future reserve replacements," said S&P's credit analyst Michelle Dathorne."Although international areas will generall...

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