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

📆 11/29/2024 12:20 PM
📰 BNNBloomberg

⏱ Reading Time:
19 sec. here
4 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 50%

Business News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: PGCitizen - 🏆 65. / 51 Read more »