Crude oil drilling in Canada will increase next year, the
Petroleum Services Association of Canada said in a report, adding
that the increase in 2018 will be moderate, to 7,900 new wells, up
from 7,550 wells this year. Alberta will account for the biggest
chunk of the drilling increase, which will be the highest since
2014 and the oil price collapse. Still, the number of new wells
expected to be drilled in 2018 is about a third lower than the
number of new wells drilled during the year of the price crash,
which, Reuters notes, highlights the slow…
Petroleum Services Association of Canada said in a report, adding
that the increase in 2018 will be moderate, to 7,900 new wells, up
from 7,550 wells this year. Alberta will account for the biggest
chunk of the drilling increase, which will be the highest since
2014 and the oil price collapse. Still, the number of new wells
expected to be drilled in 2018 is about a third lower than the
number of new wells drilled during the year of the price crash,
which, Reuters notes, highlights the slow…
Crude oil drilling in Canada will increase next year, the
Petroleum Services Association of Canada said in a report, adding
that the increase in 2018 will be moderate, to 7,900 new wells, up
from 7,550 wells this year. Alberta will account for the biggest
chunk of the drilling increase, which will be the highest since
2014 and the oil price collapse. Still, the number of new wells
expected to be drilled in 2018 is about a third lower than the
number of new wells drilled during the year of the price crash,
which, Reuters notes, highlights the slow…
Petroleum Services Association of Canada said in a report, adding
that the increase in 2018 will be moderate, to 7,900 new wells, up
from 7,550 wells this year. Alberta will account for the biggest
chunk of the drilling increase, which will be the highest since
2014 and the oil price collapse. Still, the number of new wells
expected to be drilled in 2018 is about a third lower than the
number of new wells drilled during the year of the price crash,
which, Reuters notes, highlights the slow…