Precision Drilling Corporation’s outlook for its North American operations is increasingly bullish and the company’s top executive expects both activity and pricing to trend higher for the rest of this year and into 2022.

As one of its three strategic priorities identified for 2021, Precision Drilling Corporation says it continues to enhance its environmental, social and governance (ESG) efforts through the deployment of environmental solutions focused on emissions reduction products and services.

Unlike a direct grant program, an RStar program being touted for well clean-up would not require direct outlay of cash from government, it would be applied fairly across all licencees, and it potentially would allow for new financing towards wellsite reclamation in Alberta on the basis of it being an environmental, social and governance (ESG) investment, say pilot project proponents.

Across Canada, excluding experimental wells, a total of 3,238 wells were drilled in the first nine months of 2021, up about 43 per cent from 2,266 wells rig released in January-September 2020, with Alberta recording the biggest year-over-year percentage increase.

The oil and gas industry of today is nothing like the oil and gas industry of 15 years ago, which was dramatically different than the one of 30 years ago. Technological change is a constant in oil and gas and few industries are as quick to follow and reward successful innovators.

Canadian crude exports by rail climbed to 168,659 bbls/d in August, new data from the Canada Energy Regulator (CER) show.

Offshore Canada, Schlumberger and ExxonMobil Canada are jointly working on the deployment of digital drilling solutions, which recently enabled ExxonMobil Canada to complete the first fully automated section drilled at the Hebron platform.

Enbridge Pipelines Inc. has applied to the Canada Energy Regulator (CER) to deactivate the Husky Terminal Connection to Lines 2 and 3.

Canadian Natural Resources Limited has applied to the Canada Energy Regulator (CER) to install a second heater (32-F-2) for the Vacuum Distillation Unit (VDU) at the Horizon Oil Sands Processing Plant.

Drilling rig activity in Western Canada and the Top 10 active operators as of Oct. 22, 2021 as reported this morning by Rig Locator.

The U.S. rig count is down one from last week to 542 with oil rigs down two to 443, gas rigs up one to 99, and miscellaneous rigs unchanged at zero.