Alberta Throws Canadian Drillers A Lifeline

Oil producers in Alberta can drill new wells without being restricted by the current industry-wide production limits, the government of Alberta said on Friday as it aims to spur investment into Canada’s embattled energy industry. The lifting of the restrictions for new wells takes effect immediately, while production from existing wells will continue to be under curtailment, as per Alberta’s government schedule. By allowing operators to drill new wells outside the production limits, the provincial government hopes to “drive positive…