The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Gas Extraction Industry: Industrial Outlook, Winter 2008
Canada’s Gas Extraction Industry: Industrial Outlook, Winter 2008
Industry Economic Analysis
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- Natural Gas Prices—Despite current low levels, the price of natural gas is forecast to expand significantly over the forecast horizon.
- Royalties—The Alberta government is considering easing royalty increases for natural gas companies. Combined with higher prices, this would lead to a gradual increase in the number of wells drilled over the medium term, providing more investment dollars and jobs.
- Productivity—Declining productivity in the Western Canadian Sedimentary Basin has made drilling at current prices increasingly uneconomic, limiting production and new drilling activity.
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