Positive oil and gas drilling forecast for 2018
CALGARY- The Petroleum Services Association of Canada (PSAC) has released its 2018 Canadian Drilling Activity Forecast.
PSAC expects a total of 7,900 wells to be drilled in Canada in 2018.
For 2017, the Association’s final revised forecast predicts a yearly total of 7,550 wells.
On a provincial basis for 2018, PSAC estimates 3,998 wells to be drilled in Alberta, and 2,931 wells for Saskatchewan, year-over-year increases of 152 and 84 wells, respectively.