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Saskatchewan Has Record Oil Drilling Year (2008)

January 15, 2009 · · Filed Under Oil Industry, Oil Refining 

From our conservative friends up north at SDA:

It turns out 2008 was the second-best year ever for Saskatchewan in terms of actual drilling with 4,045 oil and gas wells created. Most of that attention is focused on the Bakken oil play and the Weyburn-Estevan area.

Part of the reason that sector has exploded in recent years is the advent of horizontal drilling. Once an experimental technique it’s become common-place in our province, accounting for nearly half of total oil production.

Apparently as world oil prices fall the smaller oil drilling companies are increasingly competitive with the bigger companies, thanks to their lower overhead costs and high demand for the sweeter oil they are pumping that requires less refining. 

Source: CKOM

Comments

3 Responses to “Saskatchewan Has Record Oil Drilling Year (2008)”

  1. Directional Drilling on April 7th, 2009 5:54 PM

    That’s great news for Saskatchewan, hopefully 2009 will also big a good year.

  2. Driving School Gloucester on March 11th, 2010 8:25 PM

    It’s 2010 and i can see on the news oil prices are getting high due to some phenomenon.It’s not so good because the fare and other basic needs also increase.

  3. Redditch tyres on February 21st, 2011 8:07 PM

    This year is slightly different i think.The fare increase last month and that means oil prices also do.The economy is growing but some stuff doesn’t follow.

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