5.9 C
New York
Monday, December 1, 2025

Buy now

spot_img

Drilling group predicts slight uptick in Canadian activity next year

By Lauren Krugel

Posted December 1, 2025 12:32 pm

1 min read

Descrease article font size

Increase article font size

A group representing oil and gas drillers says it’s expecting a slight uptick in activity next year in Canada.

The Canadian Association of Energy Contractors says it’s expecting 5,709 wells to be drilled next year, up about three per cent from this year.

It’s expecting roughly the same percentage increase in drilling rig operating days and service rig operating hours.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

The CAOEC represents 89 land drilling, offshore drilling and service rig companies operating across Canada.

Another energy industry services group, Enserva, released its outlook for the sector last week.

Enserva is predicting a 5.6 per cent drop in spending this year versus last, and a further 2.2 per cent decline in 2026.

1:33
As global oil prices plunge, Alberta’s energy sector prepares


&copy 2025 The Canadian Press

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles