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The value of marketable production from crude oil, natural gas and natural
gas liquids decreased marginally to $109.3 billion for 2007.
After declining 4.2% in 2006, total well completions in 2007 declined 17.8%
to 21,210.
Capital expenditures in the conventional sector declined by 18.0%
in 2007 to $31.7 billion.
In Canada’s oil sands region, the continuing development of non-conventional
resources, through in-situ, mining and upgraders, capital expenditures expanded
considerably by 26.0% to $18.1 billion from the $14.3 billion
in 2006.