Precision says wildfires in Alberta and B.C. have had a modest impact on operations
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Free Press subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on brandonsun.com
- Read the Brandon Sun E-Edition, our digital replica newspaper
*Your next Free Press subscription payment will increase by $1.00 and you will be charged $20.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 01/06/2023 (1229 days ago), so information in it may no longer be current.
CALGARY – Precision Drilling Corp. says the wildfires in Alberta and B.C. have had a modest impact on its operations and it expects second-quarter drilling activity to average about 42 rigs in the region, an increase of 14 per cent compared with a year earlier.
Wildfires in Alberta and B.C. have forced oil and gas companies to shut in production due to the dangers facing their operations caused by the hot and dry conditions.
Precision says it has 46 rigs active in Canada right now, but expects to have more than 60 active rigs by the end of the month as it emerges from the lows of the spring breakup season.
In the U.S., the contract drilling company says its active rig count currently stands at 50, but cautioned that activity may further soften in the coming weeks.
Precision says its U.S. drilling activity in the second quarter this year is expected to average about 50 rigs compared with an average active rig count of 55 in the second quarter of 2022.
The company says it continues to sign new contracts, with multiple rigs starting in the second half of the year.
This report by The Canadian Press was first published June 1, 2023.
Companies in this story: (TSX:PD)