Alberta target of increased oil, gas spending

摘要

Calgary-A resurgence in Alberta's conventional oil patch, along with the spiraling interest of shale gas producers to monetize the vast resources in the Western Canadian Sedimentary Basin, dominated proceedings at the annual Canadian Association of Petroleum Producers conference June 13. Leading conventional producer Penn West Exploration announced it will invest nearly C$1 billion ($1.02 billion) in 2011 in developing four light oil plays in western Canada, following successful appraisal of the geology.