Oil Field News

Daily Drilling Licenses Issued

September 30 Click here for a complete list of licenses issue

Drilling Activity Report

September 30, 2014
Active Down Total % Active
Western Canada
AB 290 275 565 51%
SK 93 58 151 62%
BC 42 24 66 64%
MB 15 9 24 63%
WC Total 440 366 806 55%


WTI Crude Oil

Canada’s Economy Unexpectedly Stalled in July on Oil

Canada’s gross domestic product was little changed in July as a drop in oil and gas production offset gains in manufacturing.

Output remained close to an annualized C$1.63 trillion ($1.46 trillion) in July following six monthly increases, Statistics Canada said today in Ottawa. The median forecast in a Bloomberg economist survey with 14 responses was for output to expand 0.3 percent.

Enbridge eyes Mainline oil pipe expansion if demand strong

Enbridge Inc, Canada's largest pipeline operator, said on Tuesday it may have to build new pipeline capacity from its Superior, Wisconsin, storage hub if oil shipments from Canada and the Bakken shale field of North Dakota keep expanding.