Canadian Drilling Forecast

• Drilling forecast calls for even fewer Canadian oil and gas wells in ‘bleak’ 2021

  The Petroleum Services Association of Canada cut its 2020 Canadian drilling forecast three times over the past 10 months.

  Economy

  Oct 29, 2020
  
• Prolonged oil industry slump leads to third cut in Canadian drilling forecast

  PSAC says it now expects just 2,800 wells will be drilled in Canada this year, down from a nearly 50-year low of 3,100 in its revised forecast in April.

  Canada

  Jul 29, 2020
  
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• Canada’s oil and gas drilling forecast revised to 49 year low as producers cut spending

  The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells.

  Economy

  Apr 30, 2020
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• Slow summer causes drilling forecast to go from bad to worse

  Analysts say they've cut their 2019 rig activity and well counts for this year by between six and eight per cent and in 2020 by five to six per cent.

  Canada

  Jul 23, 2019