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November 3, 2015
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PSAC Forecasts 5,150 Wells Drilled in 2016; Continuing Low Commodity Prices & Ongoing Market Access Issues Leaves Little Room for Improvement

CALGARY, AB (November 3, 2015) – Today, the Petroleum Services Association of Canada (PSAC) released its 2016 Canadian Drilling Activity Forecast. PSAC expects a total of 5,150 wells (rig releases) to be drilled in Canada in 2016. PSAC’s forecast suggests that next year will see...

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