CALGARY- Calgary’s conventional oil and gas producers are becoming increasingly dependent on natural gas at a time when its price performance is severely underperforming that of crude oil.
A study by Bryan Mills Iradesso released Friday shows that the median gas-versus-oil weighting of junior producers in the Western Canadian Sedimentary Basin reported in the first quarter was up five percentage points over the previous year, while intermediates climbed by four points. “Given that oil sells for much higher prices in the current market, this weighting is a challenge to the industry,” said Peter Knapp, president of the communications and research company.
Full Story: Calgary oil and gas producers increasingly dependent on natural ... - Calgary Herald
A study by Bryan Mills Iradesso released Friday shows that the median gas-versus-oil weighting of junior producers in the Western Canadian Sedimentary Basin reported in the first quarter was up five percentage points over the previous year, while intermediates climbed by four points. “Given that oil sells for much higher prices in the current market, this weighting is a challenge to the industry,” said Peter Knapp, president of the communications and research company.
Full Story: Calgary oil and gas producers increasingly dependent on natural ... - Calgary Herald
