SLIGHT DECREASE PREDICTED FOR 1995 CANADIAN DRILLING

Canadian drilling activity will be strong in 1995 but drop slightly from the 1994 level, industry spokesmen predict. The Canadian Association of Petroleum Producers (CAPP) forecasts drilling of 10,500-11,000 wells in 1995, compared with projected drilling of 11,300 wells this year. CAPP Pres. Gerry Protti said the forecast hinges on no significant drop in natural gas prices in 1995.

Nov 14th, 1994
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