By 980 CJME
This year is expected to be one of the worst in recorded history for oilwell drilling in Canada.
The Canadian Association of Oilwell Drilling Contractors (CAODC) has revised its 2016 drilling outlook predicting this year will be the worst for drilling activity since 1977.
Projected wells drilled is now forecast to be 3,562 - a drop of 25 per cent from the original forecast of 4,728. Projected operating days dropped 28 per cent from the original forecast. The projected rig count... // Read Full Article