Analysts trim 2011 drilling outlook despite hike in Canadian well permits

摘要

Government sales of gas exploration rights are racing ahead of last year's levels in Alberta and British Columbia, but with continued low gas prices on the horizon, analysts are starting to trim their outlooks for drilling in 2011 Calgary-based investment dealer Peters & Co, in one of the industry's first outlooks for drilling activity in 2011, predicts Western Canada's well count will slide to 10,500 from an expected 11,000 this year, 2,000 wells below the company's original target.