Alberta Royalty Review = The death of the Alberta oilpatch

[rigger11]

ok well the way i see it is it is a bad thing to have Encana pull out of Ab. does anyone else remember last september/october when Encana cut some where around 5-6 billion out of their exploration budget?

the rig count in september 26 of 06 in alberta was 215 active rigs
then again on september 19 the count was 317 active rigs
one week later 112 rigs shut down.

this year the count is 230 rigs active as of septeber 25
september 18 235 active rigs

we are bairly above the active mark or last year. and antone that works in the patch knows how long and slow this years breakup was. if Encana pulls more money out of the budget then other oil companies will more then likely do the same and then the rig counts will fall even more.