Drilling numbers have remained steady looking at statistics from March 2023 compared to March 2024. With spring road restrictions putting work mostly to a halt around the oilfield, Clarence Rye shared the comparison in the latest edition of News from the Oil Patch.
"The end of March also closes the first quarter of 2024 for licensing and drilling." said Rye, comparing it to the first quarter of 2023.
March 2023
- 2 verticals
- 12 directionals
- 112 horizontal
- 126 total
March 2024
- 1 vertical (-1)
- 25 directionals (+13)
- 98 horizontal (-14)
- 124 total
While no rigs are active, you can hear Rye talk about the latest licensing activity in the most recent edition of News from the Oil Patch.
Listen below, as Rye also shared information from a Canadian Association of Energy Contractors report that estimates over 6000 wells being drilled across Canada this year.
Thu, May 2, 9:30 AM
