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Oil and gas drilling activity to reach 10-year high in 2025: industry group

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Oil&Gas,Utilities

An industry organization predicts 2025 will see the highest amount of oil and natural gas well drilling activity in Canada in a decade.

Andrew Lipow, president of Lipow Oil Associates, breaks down how Trump's proposed tariffs could impact Canadian oil and natural gas production.

The Canadian Association of Energy Contractors, which represents drilling and service rig companies, says it expects a total of 6,604 wells to be drilled in Western Canada in 2025 — a 7.3 increase from 2024. It attributes the uptick in activity to this year’s completion of the Trans Mountain pipeline expansion, which has given oil companies increased export capacity.

 

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