Oil and natural gas production from frontier prospects in the Northwest Territories is on a steady decline, federal Canadian data show Wednesday. The National Energy Board published data on production from the Norman and Ikhil fields in the Northwest Territories. The regional government estimates the western area may hold as much as 37 percent of the marketable light crude oil in Canada and as much as 35 percent of its gas. NEB said it estimates the region produced 3.9 million barrels of oil and around 2.9 trillion cubic feet of natural gas last year. That’s down around 25 percent for oil and 17 percent for natural gas when compared with production figures from 2010. David Ramsay, the regional minister of industry, told members of the Canadian Parliament last […]