Currently, only 11 per cent of oil and gas rigs in Canada are being used. While part of the reason is a slowdown over the Christmas break, as provincial affairs reporter Tom Vernon explains, there are concerns we won’t see a surge in activity through 2019.
- Acquisitions, insolvencies cited as drilling company count tumbles by 40%
- Public offering of Saskatchewan’s Crown oil and natural gas rights nets $1.5M
- Western Canada oil and gas producer count down by nearly 300 names since 2014