https://globalnews.ca/news/6110110/o...GlobalEdmonton
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he association representing oil and gas service companies is predicting a 10 per cent fall from current depressed levels of drilling in Canada next year.The Petroleum Services Association of Canada says it expects a total of 4,500 wells to be drilled in Canada in 2020, down from 5,000 wells this year and 6,950 in 2018.
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PSAC CEO Gary Mar says the outlook for 2020 is worse than this year because producers are spending their cash on buying back their own shares, paying dividends and reducing debt rather than investing in growing production.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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