Province sees drilling revenue plummet:
"Low natural gas prices have had a disastrous effect on revenues the province earns from selling drilling leases to energy companies, new figures show.
Sales to date are only a fraction of what they were for the same period in previous years.
So far this year, the province has taken in$46.2 million in petroleum, natural gas and oilsands rights compared to more than $247 million in the same period last year.
A May 2009 Alberta Finance report on industry performance and prospects warns of bleak days ahead.
'Plunging oil and natural gas prices have forced companies to rein in exploration and development spending,' says the report."
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