CALGARY, ALTA – Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.
The Petroleum Services Association of Canada (PSAC) says it expects a total of 5,400 wells to be drilled in Canada next year, an increase of 16 per cent year-over-year and the most activity since 2019.
PSAC also revised its 2021 forecast to 4,650 wells, in light of increased activity in the last half of the year. At the start of 2021, PSAC was predicting 3,350 wells to be drilled for the year.
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November 11, 2021 at 01:11AM
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Oilpatch drilling activity to rise in 2022, new PSAC forecast suggests - Energeticcity.ca
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