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STOCKS | Canada’s Forgotten Shale Gas Play Reemerges as an Oil Hot Spot

16/07 22:24

Companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are drilling for oil in a long-dormant gas reservoir on the edge of the Canadian Rocky Mountains, according to Bloomberg. The shift has revived a shale play that had been largely forgotten as producers move to tap oil instead of gas in the region.

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