The Canadian Association of Energy Contractors (CAOEC) opposes any proposal to impose retaliatory export tariffs, taxes, or bans on Canadian oil and gas. For half a century, free trade has yielded mutual benefits for both Canada and the United States. This collaboration has led to the creation of a highly integrated and efficient North American marketplace, which, in turn, promotes wealth and prosperity. Trade continues to support our shared economic goals as well as the national security [Read more]
CAOEC releases their 2024/25 Drilling and Service Rig Forecast and 2024 State of the Industry Report
The Canadian Association of Energy Contractors (CAOEC) sees pockets of optimism in next year’s drilling and service rig forecast, but competitiveness concerns remain. Highest levels of drilling activity and associated jobs since 2015 Projected 2025 wells drilled: 6,604 – an increase of 448 (7.3%) from 2024 (6,156) Projected 2025 drilling operating days: 69,344 – an increase of 4,706 (7.3%) from 2024 (64,638) Projected 2025 service operating hours: 1,064,083 – an increase of 52,753 [Read more]
CAOEC rejects the federal government’s proposed emissions cap
The Canadian Association of Energy Contractors (CAOEC) rejects the federal government’s proposed emissions cap on Canadian oil and gas production. At a time when Canadian families are struggling with high energy and food prices, the Trudeau Liberals' new emissions cap will make everything just a little bit more unaffordable. The Canadian economy is struggling, paychecks are shrinking, and business competitiveness continues to be challenged. The Trudeau government does not care about [Read more]
CAOEC opposes the federal government’s oil and gas emissions cap
The Canadian Association of Energy Contractors (CAOEC) opposes the federal government’s oil and gas emissions cap. Today, the federal government released a regulatory framework to cap Canadian oil and gas emissions. CAOEC strongly opposes this policy as it will negatively impact Canadian energy workers and the small and medium-sized businesses that support them. Mark Scholz, President & CEO of the CAOEC, stated, “The world will continue its decarbonization journey but will demand more [Read more]
CAOEC 2023/24 Drilling and Service Rig Forecast and 2023 SOTI Report
The Canadian Association of Energy Contractors (CAOEC) announces the release of the 2023/24 Drilling and Service Rig Forecast and the 2023 State of the Industry Report. Projected 2024 wells drilled: 6,229 – an increase of 481 from 2023 (5,748) Projected 2024 drilling operating days: 65,399 – an increase of 5,046 from 2023 (60,353) Projected 2024 service operating hours: 1,075,220 – an increase of 77,696 from 2023 (997,524) Total jobs expected: 39,435 – an increase of 3,045 from [Read more]
Canada’s weekly rig count down 7 to 108
Canada averaged 108 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 46% are drilling for natural gas, 41% are drilling for oil, 2% for other (helium, hydrogen, geothermal, lithium, or potash), and 11% are moving. Drilling activity by province is 77% in Alberta, 20% in BC, 2% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 38%, Ensign Drilling with 23%, Savanna [Read more]
Canada’s weekly rig count down 2 to 115
Canada averaged 115 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 47% are drilling for natural gas, 38% are drilling for oil, 2% for other (helium, hydrogen, geothermal, lithium, or potash), and 13% are moving. Drilling activity by province is 78% in Alberta, 19% in BC, 2% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 35%, Ensign Drilling with 22%, Savanna [Read more]
Canada’s weekly rig count at 117
Canada averaged 117 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 47% are drilling for natural gas, 38% are drilling for oil, 3% for other (helium, hydrogen, geothermal, lithium, or potash), and 12% are moving. Drilling activity by province is 78% in Alberta, 19% in BC, 2% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 35%, Ensign Drilling with 22%, Savanna [Read more]
Canada’s weekly rig count at 140
Canada averaged 140 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 45% are drilling for natural gas, 41% are drilling for oil, 3% for other (helium, hydrogen, geothermal, lithium, or potash), and 11% are moving. Drilling activity by province is 81% in Alberta, 17% in BC, 1% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 35%, Ensign Drilling with 22%, Savanna [Read more]
Canada’s weekly rig count at 193
Canada averaged 193 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 34% are drilling for natural gas, 35% are drilling for oil, 5% for other (helium, hydrogen, geothermal, lithium, or potash), and 26% are moving. Drilling activity by province is 80% in Alberta, 6% in Saskatchewan, 13% in BC, and 1% in Manitoba. Precision Drilling holds the majority of the Canadian market share with 34%, Ensign Drilling with 21%, Savanna [Read more]
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