It was a quick start to the New Year for Saskatchewan’s winter oil drilling season.
President and CEO of the Petroleum Services Association of Canada, Mark Salkeld, says about 60 rigs fired up in the first week of the year.
The season begins when the ground is frozen, the road bans are off and the heavy equipment can be moved. There was an uptick in drilling last year in Canada by about 4 to 5 per cent.
It’s expected in the first quarter of 2018 there will be about 7 to 8-thousand wells, but that’s not like the days of 10 to 12-thousand wells in western Canada, Salkeld emphasizes.
He says the oil industry is seeing a steady rise in drilling, but nothing off the charts. This winter drilling season has seen a faster gain though, ramping up the drilling quicker.