Longhorn
Active VIP Member
- Joined
- Dec 19, 2009
- Messages
- 3,809
- Reaction score
- 415
- Location
- Medicine Hat, AB
- Website
- www.longhornenergy.ca
The new royalties have little to do with the slow down in activity.
Low oil/gas prices and the new developments in shale gas recovery are the reason for the slow down.
Have you been to Ft St John, Estevan, Weyburn, Colorado??? Wonder why these locations are BOOMING right now, but yet Alberta is dead...
Royalty has played a very major role in the slowdown in Alberta. You keep mentioning shale gas, but it really is only a small factor at the moment as a shale gas well is far more expensive to drill at this time than a conventional well. Shale has been affected by the low commodity prices far greater than conventional gas has...