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Fewer companies drilling for oil, gas in Western Canada
4/12/2019

The number of oil and natural gas companies with operations in the Western Canadian Sedimentary Basin fell by almost 17.5% from 1,616 in December 2014 to 1,334 in December 2018, according to a report from XI Technologies. The report notes that industry consolidation activity is behind the decline and is a "natural occurrence in any downturn."

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