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

📆 29/11/2024 19:20:00
📰 BNNBloomberg

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

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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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Oil and gas drilling activity to reach 10-year high in 2025: Industry groupCALGARY — An industry organization predicts 2025 will see the highest amount of oil and natural gas well drilling activity in Canada in a decade.
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