-11.6 C
Fort St. John
Wednesday, January 16, 2019
Tel: 250-787-7100
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement

CAODC says 2010 drilling higher than expected

Advertisement

By Energeticcity.ca staff

 

CAODC says drilling in Western Canada is substantially higher than expected.

- Advertisement -

The Canadian Association of Oilwell Drilling Contractors released a revised 2010 forecast on Friday, suggesting drilling levels were higher than expected in the first quarter of 2010, and should continue to exceed expectations in the second half of the year.

In the first three months of 2010, the organization says 431 rigs were put into action, which it says is 35% higher than expected. That breaks down into 57% utilization in B.C., 56% in Saskatchewan, and 50% in Alberta.

CAODC also says 11,587 wells will be completed in 2010 – 3000 higher than it predicted in October.

While CAODC says the industry is ‘drawing strength’ from natural gas activity in B.C., it says most of the increased activity is oil-focused.

For the complete CAODC revised forecast, click on the attachment below.

get the latest news in your inbox

Author

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Advertisement
Advertisement
Advertisement

Must Read

Beaverlodge RCMP arrest three in stolen property investigation

BEAVERLODGE, A.B. - On January 8th, 2019 Beaverlodge RCMP received a call of three individuals in a stolen vehicle in the area of Demmitt. RCMP...

Fort St John RCMP recover fender flares