Canadian drilling hits fever pitchServices sector counting on record 22,255 wells for 2004, beating last year’s benchmark by 450, association says Gary Park Petroleum News Calgary Correspondent
The drilling frenzy in Canada, powered by the twin highs of oil and natural gas prices, is now expected to see rigs released on a record 22,255 wells this year, beating last year’s record by 450.
In its third forecast for 2004, the Petroleum Services Association of Canada said the 10,261 wells comp....
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