The organization that represents Canadian drilling contractors is forecasting a 14 per cent increase in the number of oil and gas wells to be drilled in Canada in 2021 compared with the historic lows this year.

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

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.

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.

The association representing oil and gas service companies is predicting a 10 per cent fall from current depressed levels of drilling in Canada next year.

The president of the Petroleum Services Association of Canada says a court ruling in Minnesota that could further delay Enbridge Inc.'s Line 3 oil pipeline replacement project spells more bad news for Canadian oilfield workers.

The Petroleum Services Association of Canada is again lowering its forecast for how many oil and gas wells will be drilled in Canada this year.

The Petroleum Services Association of Canada is cutting 1,000 wells from its 2019 drilling forecast due to what it calls deteriorating investor confidence in Canada.

Shares in Ensign Energy Services Inc. closed about eight per cent higher at $5.49 Monday after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 per cent.

Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall.