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You are here: Home / News / Alberta / Drilling Forecast Optimistic

Drilling Forecast Optimistic

July 4, 2014 by Rob Hislop Leave a Comment

The Canadian Association of Oilwell Drilling Contractors (CAODC) says the industry hasn’t had this good a second quarter since 2007. Operating days will exceed 17-thousand and are forecasted to be 1-thousand more than the previous high set during the last seven years.

CAODC president, Mark Scholz says “Stronger gas prices have increased cash investment to the industry,”
As a result Scholz adds his organization has increased its earlier estimates. The stronger activity has lead to an expected six percent hike over last years well count.

(source: CAODC news release)

Filed Under: Alberta, Canada, News Tagged With: Canadian Association of Oilwell Drilling Contractors, CAODC, drilling, industry, Mark Scholz, oil

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