Precision says wildfires in Alberta and B.C. have had a modest impact on operations
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.
CTVNews.ca Top Stories
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
What a urologist wants you to know about male infertility
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
He replaced Mickey Mantle. Now baseball's oldest living major leaguer is turning 100
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.