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. Continue reading
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. Continue reading
The association that represents Canadian oil and gas drilling companies says it expects “muted stability” for the industry in 2018 despite recent strengthening in oil prices. Continue reading
“There is still this overarching lack of support for the oil industry, which has essentially made Canada what it is today,” Mark Salkeld said on Tuesday. Continue reading
Drilling activity in Saskatchewan will be higher than originally forecast: Petroleum Services Association of Canada. Continue reading
PSAC has increased its 2017 drilling forecast for the third time. Continue reading
Alberta operators drilled twice as many wells during the first three months of this year than they did over the same time period last year. Continue reading
The PSAC forecast includes a significant increase in the number of wells drilled in the province to a new total of 2,600 wells, which is up from 1,940 wells in the original forecast. Continue reading
The Petroleum Services Association of Canada says it’s raising its forecast for drilling activity for 2017 in view of rising optimism in the oil and gas industry. Continue reading
Most in the oil industry don’t want to speak too soon, but early numbers show things could be starting to look up in Alberta. Continue reading