Producers across Canada licensed 341 wells in February 2022 — up from 323 a year ago — while once again no new wells were approved in British Columbia.

It’s now been seven months since any new wells were permitted in B.C.

The province continues to work with the Blueberry River First Nations (BRFN) on a way to improve and modernize provincial processes that recognize and respect their treaty rights.

To read the Daily Oil Bulletin’s latest guidance report, which features corporate announcements made March 14-18, 2022, click here to access it directly, or click on the Guidance tab on the DOB website.

The guidance report provides 2022 forecasts for capital spending, drilling and production for companies headquartered in Canada and the U.S.

Data for the report is powered by Evaluate Energy.