SPECIAL REPORT: Canada continues to break drilling records

09/18/2006
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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