Forty years ago today a major oil discovery was made when Leduc Number 1 came in. Although it was the first major discovery of oil in Alberta, it was 45 years earlier that the first oil well went into production. Read more about the first discoveries made many years earlier here.
PSAC Q1 2017 Drilling Forecast is Optimistic
In its first update to the 2017 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig releases) across Canada for 2017 upwards. Read the entire Q1 update here.