It’s been a challenging year for the oil and gas industry in Alberta, as the province has seen depressed oil prices, little work to be found, and drilling all but halted. From BOE’s Well Activity Map, one can see 583 wells of oil/bitumen, gas, and others found. This number represents a stark cry from 2019’s 1,920, and even further from 2018’s 7,445. The CAODC Rig Count shows 51 active rigs currently in Alberta. These numbers are much different from November 2019 when Alberta had 87 active [Read more]
What’s in store for Alberta with a Biden presidency?
Over the weekend, it was announced that Joe Biden will be the next President of the United States, ending days of speculation for the world. The news has Albertans wondering just how this will affect not only them but their oil and gas industry. The sector has been through a tumultuous year, navigating its way through a global pandemic, seeing spending slashed, and enduring thousands of job layoffs. The U.S. is Canada’s biggest customer of oil and natural gas exports, and with Biden’s [Read more]
