NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2020 Results einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Estevan– Mid-February to the first week of March is traditionally the peak of the year for oilwell drilling activity. And on Feb. 22, there were 31 drilling rigs working in Saskatchewan, down markedly from the previous two years. According to Rig Locator (riglocator.ca), in 2020 there were 65 rigs working on the same date, and 52 rigs working on that date in 2019. During the boom years, from 2008-2014, there would be closer to 100 rigs working. While the current number couldn’t be considered great by any means, it is significantly higher than the zero rigs that were drilling in the first part of the summer of 2020, when oil markets were initially recovering from the shock of the COVID-19 pandemic.
Drilling season peaking with 31 rigs working carlyleobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carlyleobserver.com Daily Mail and Mail on Sunday newspapers.
She said the province has to continue to oppose federal policies that impose significant additional costs on the oil and gas sector, with marginal environmental benefits in many cases. An example she gave was the Clean Fuel Standard, which she said will have a major impact on the energy and resource, agriculture and manufacturing sectors. It will also impact regular Canadians, heating their homes and filling their cars. “The Clean Fuel regulations will result in an estimated increase in gasoline costs of up to 11 cents per litre, and diesel costs of up to 13 cents per litre by 2030. That clearly hits where it hurts on transportation, certainly. In Saskatchewan, based on current consumption volumes, that impact equates to roughly $710 million on Saskatchewan residents by 2030, and they’re huge numbers: $400 million from diesel consumption, $310 million from gas consumption.”
The Canadian Association of Oilwell Drilling Contractors (CAODC) held a virtual town hall Feb. 9 with Saskatchewan Minister of Energy and Resources Bronwyn Eyre, speaking about items like how . . .