Tag Archives: trends

Economic Pain Before Recovery

            The Canadian Association of Oilwell Drilling Contractors (CAODC) revised its annual drilling activity forecast – and scratched its earlier estimate of $85/bbl WTI – as oil prices tanked in late 2014 and stayed low into the early months of 2015. Not since 2009 have…

Staying the course in 2012: Saskatchewan’s oil industry on track for continued growth

By Lisa Fattori Despite record flooding in the spring of 2011, Saskatchewan’s oil industry performed exceptionally well and is on course to enjoy the same success in 2012. Oil and gas sales for the year were more than $1-billion higher than in 2010, and the number of oil wells drilled…