Oil well drilling contractors are having a tough time coping with flooding in Saskatchewan and Manitoba, which has damaged roads and bridges. That’s making it impossible to move heavy equipment onto drilling sites. President and CEO of Crusader Drilling Corp., Don Rae, said normally he would employ about 70 people to run three drilling rigs; […]
Drilling Forecast Optimistic
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 […]