Oil's Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada

Oil price plunge, trade wars drive drilling land sales sown in Western Canada

The slumping land prices are an early sign the drilling boom spurred by last year’s completion of the Trans Mountain pipeline expansion may be coming to an end.

Oil's Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada

(Bloomberg) — A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices.

Oil’s Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada - Energy News, Top Headlines, Commentaries, Features & Events

By Robert Tuttle Oil storage containers and pipelines at the Hardisty terminal in Hardisty, Alberta Photographer: Jason Franson/Bloomberg A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices. The average price paid to lease oil ...

Trump’s trade war is throttling business investment in Canada, a new survey finds

The post Trump’s trade war is throttling business investment in Canada, a new survey finds appeared first on The Logic.