Oil Field News

CANADA STOCKS-TSX touches seven-month high on oil-price rise

 Canada's main stock index rose on Wednesday, touching its highest level since September, with oil and gas shares leading the rally on stronger
crude prices.

Resource Sector Takes a Hit In Southeast

The economy in the southeast corner of Saskatchewan lost 400 jobs in February, according to the latest numbers from Statistics Canada, mostly in the resource sector. In their monthly labour force survey, the numbers show that the unemployment rate rose from 1.55 per cent to 2.43 per cent. Despite the increase, the unemployment rate in the region is still among the lowest in the country.

Provincially, the rate increased to 5.0 per cent this month, up from 4.5 per cent in January. The national unemployment rate also increased, from 6.6 per cent to 6.8 per cent.

Spring Road Bans Popping Up

icyhighwayFile photo.

Winter is on its way out and spring road bans and weight restrictions are on the way in. New orders released yesterday by the Ministry of Highways will take effect tomorrow.

Most highways south of the Trans-Canada Highway and west of Highway 6 are about to go under spring road restrictions, but the rest of the southeast is still under winter weights for now. Once the roads are under spring restrictions, they are expected to stay in place for six to eight weeks, though extreme weather could change that. If a prolonged cold spell occurs during the restriction season, they may be removed until conditions warrant their implementation again.

For a link to a map of the spring road restrictions, click here. For up to the minute information regarding spring road bans, call 1-888-335-7623.

Official Spring Restriction Orders are issued every Tuesday and Friday, with the exception of Good Friday, by 12:30 p.m. during the appropriate season. Spring road restrictions are dependent on weather. Restrictions may change with 48 hours notice.

Daily Drilling Licenses Issued

March 30, 2015 Click here for a complete list of licenses issue

Drilling Activity Report

April 17, 2015
Active Down Total % Active
Western Canada
AB 52 476 528 10%
SK 5 125 130 4%
BC 24 57 81 30%
MB - 15 15 0%
WC Total 81 673 754 11%