“The worst year ever” for Cana­dian oil drillers

Alberta Oil - - OBSERVER | NEWS NUMBERS PEOPLE PLACES -

IT WAS ONLY SEPTEM­BER when an en­ergy in­dus­try as­so­ci­a­tion de­clared 2016 the worst year ever for Cana­dian oil drillers. The Cana­dian As­so­ci­a­tion of Oil Drilling Con­trac­tors made the claim fully three and a half months be­fore the year was out, not­ing that drilling ac­tiv­ity was then at its low­est level in four decades of keep­ing score. It was a his­tory-mak­ing slump in a year that brought lit­tle sun­shine to any part of Canada’s en­ergy economy. By year’s end, how­ever, a hand­ful of Al­berta com­pa­nies were al­ready look­ing to hire back a few thou­sand drill work­ers as the oil-price bounce was mak­ing fields in Al­berta, Bri­tish Columbia and Saskatchewan sud­denly ap­peal­ing again to pro­duc­ers.

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