Surge in Commodity Prices Brings Drilling Boom to Alberta
A total of 6,563 wells have been finished in Alberta this year with more than two months to go, versus 6,166 in all of last year.
Photographer: Norm Betts/Bloomberg
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Alberta’s oil and gas producers have drilled more wells this year than they did in all of 2021 as companies try to take advantage of surging prices, according to Alberta Energy Regulator data.
A total of 6,563 wells have been finished this year with more than two months to go, versus 6,166 last year. It’s the most since more than 10,000 were drilled in 2014, according to data posted on the website Petrinex.