SPECIAL REPORT: Canada continues to break drilling records

Canadians are actively drilling oil prospects to take advantage of high prices and slightly reducing gas drilling because of price fluctuations. This may be the second year in a row that oil well drilling increases in Canada.According to Nickle’s Daily Oil Bulletin, operators drilled 2,235 oil wells in Canada January-June this year, up 28% from 1,746 for first-half 2005. Oil drilling permit applications are up 11% for the first 7 months, year-over-year. The total oil well count for 2005 was 4,822 wells, up nearly 9% from 4,427 oil wells drilled in 2004.Gas drilling in 2005 declined almost 2% from the year before. But drilling for unconventional gas, chiefly coalbed methane, increase...

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