CANADIAN OIL COMPLETIONS SHOW BIG DECLINE FOR 1989

Oil drilling activity in western Canada in 1989 slid to the lowest level of the 1980s, reports Canadian Oil Patch Analyst Inc. (COPA), Calgary. COPA figures show the industry completed only 1,803 oil wells in the region last year, compared with 4,251 in 1988. Natural gas completions were up slightly in 1989 at 2,349 wells from 2,337 wells in 1988. "The consensus is that there are no more 'elephant' size oil fields to be found in western Canada, and thus gas drilling has supplanted oil

Apr 23rd, 1990
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Reserves