Increased forecast for drilling activity in British Columbia

This is the third update from Calgary-based PSAC, and it numbers represent an overall national increase of three percent over 2012 drilling levels. On a provincial basis it shows an 11 per cent increase in B.C. from what PSAC predicted in April, to 506 wells from 457. 

However, by comparison, Alberta is looking at a five per cent decrease to 7,190 wells, from 7,563. In addition, decreases of six and nine per cent are predicted for Saskatchewan and Manitoba, where the agency now says projections for the total number of wells drilled this year are projected at 3,081 and 613 respectively. 

PSAC, which represents the service, supply and manufacturing sectors within the upstream petroleum industry, will be releasing its first 2014 Activity Forecast at the end of October.