Tag Archives: Oil & Gas Production

Saskatchewan expecting major increase in oil and gas production – Globalnews.ca


Globalnews.ca
Saskatchewan expecting major increase in oil and gas production
Globalnews.ca
The Petroleum Services Association of Canada (PSAC) is predicting a major increase in oil and gas activity in Saskatchewan. The PSAC forecast includes a significant increase in the number of wells drilled in the province to a new total of 2,600 wells

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via Saskatchewan – Google News http://ift.tt/2qo2WYV

Oil Drilling Numbers Double in First Quarter | News and Media | Government of Saskatchewan

Saskatchewan’s petroleum industry is showing signs of a positive start for 2017 after results for drilling activity during the first three months of the year were more than double the figures of 2016.

“An increase of more than 450 wells drilled is an optimistic indicator for our oil industry and, by extension, Saskatchewan’s economic outlook for the year ahead,” Energy and Resources Minister Dustin Duncan said.

The number of wells drilled in the province from January to the end of March was 856, compared to 399 wells drilled during the same period in 2016.

“Continued oil field activity at this pace is encouraging news,” Duncan said. “It contributes positively to communities throughout our province and is part of our economic growth.”

Saskatchewan’s oil and gas industry is responsible for an estimated 15 per cent of the province’s gross domestic product. A total of 1,648 oil wells were drilled in Saskatchewan in 2016, which was down 10 per cent from 1,831 oil wells drilled in 2015.

Source: Oil Drilling Numbers Double in First Quarter | News and Media | Government of Saskatchewan

Canadian Oil Patch Pays Higher Salaries As Oil Recovers

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The recent recovery and stabilization of oil prices has led to increased business confidence for Canada’s oil and gas companies, which expect improved business conditions and project slightly higher salaries this year, The Conference Board of Canada said on Thursday.

“Canadian organizations’ projected salary increases have generally remained unchanged since the summer except for apparent shifts at industry and regional levels. In particular, we are seeing energy sector organizations responding to the steadied price of oil with…

By Tsvetana Paraskova for Oilprice.com

via OilPrice.com Daily News Update http://ift.tt/2kDOTei

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