Energy firms in Canada boosted the number of rigs drilling for oil and natural gas last week by the most since 2015 as producers try to take advantage of rising crude prices.

Canadian Natural Resources says its 2020 capital budget will be $250 million higher than last year as it adds about 60 drilling locations across Alberta and puts three additional rigs to work.

Just in time for the winter drilling season, the Alberta government is hoping to boost the economy by allowing new oil wells to be drilled.

Precision Drilling says it made a profit in its latest quarter, as Canadian oil companies with operations in the U.S. are earning more money south of the border.

A new analysis cites industry data which shows only 26 drilling contractors have been working so far in 2019, 17 fewer than observed in 2014.

A growing number of Canadian drilling rigs are being moved south of the border to take advantage of brighter prospects for oil and gas in the United States — and observers say it's unlikely they will ever return home.

One of Canada's largest oil and gas drilling companies is seeing renewed demand for its services but at lower prices.

The Alberta government's early start to allowing oil and gas producers to apply for new projects under its modernized royalty framework has resulted in 129 new wells being approved.

Calgary-based Precision Drilling Corp. reported a first-quarter loss of $14.5 million on Monday, after reporting a profit in the same period a year earlier.