PSAC cuts 2015 Canadian drilling forecast in half

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In its mid-year update to the 2015 Canadian Drilling Activity Forecast, released Thursday, the Petroleum Services Association of Canada (PSAC) is forecasting a total of only 5,320 wells to be drilled across Canada in 2015. This decrease of 4,780 wells from PSAC’s original drilling forecast, released in October 2014, represents a 47% drop. More »
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