Western Canadian oil and gas producers will drill 27 per cent more wells in 2022 than the previous year, returning to pre-pandemic levels as prices rebound and pipeline projects advance, the Canadian Association of Energy Contractors (CAOEC) said on Tuesday.
Companies are likely to drill 6,457 wells, an increase of 1,363 from 2021 and slightly above 2019’s total, the association’s Chief Executive Mark Scholz said in a statement. The CAOEC represents energy service companies-- More...
