Drilling forecast to be released
Posted Nov 18, 2015 7:10 am.
This article is more than 5 years old.
We’ll get another look at how low oil prices are affecting the energy industry Wednesday morning.
The Canadian Association of Oilwell Drilling Contractors will be releasing its 2016 Drilling Forecast.
In January 2015, the CAODC predicted drilling would shrink to a daily average of 206 active rigs this year.
In its latest report, the actual number came in at 191, down from 370 in 2014.
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