FORT ST. JOHN, B.C. – Despite the Petroleum Services Association of Canada’s forecast for fewer wells to be drilled in Alberta and Saskatchewan, more wells are expected to be drilled in British Columbia for 2021.
According to PSAC Interim President and CEO Elizabeth Aquin, B.C., particularly within the Montney formation, will see an increase from 335 wells in 2020 to 370 in 2021.
Aquin says the reason for the expected increase in wells is due to the Montney being viewed as the most economic for investment.
“We just see there’s an opportunity for gas and, so, the Montney, of all the areas in Canada, is the one that’s most economic for investment right now. So, this is why we see there will be some uptick in activity there.”
Overall, PSAC expects a total of 2,600 wells will be drilled in Canada next year, down from its expected total of 2,850 wells in the current year.
