Precision Drilling Sees Hope for Canada's Oil & Gas Fields as Markets Improves

SUGAR LAND--February 11, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Following record low investment in 2020, Canada's Oil & Gas Industry is optimistic this year's vaccine rollout will inject it with some much-needed demand growth. Precision Drilling Corporation (NYSE:PDS) (Calgary, Alberta), a service provider in Canada's western provinces, is among the companies betting that improved market conditions and government support will boost the need for drilling automation processes in the region's oil fields. Industrial Info is tracking more than US$1.7 billion in active projects involving Precision Drilling, all of which are slated to kick off through the summer.

Within this article: Details on where Precision and other companies believe Canada's Oil & Gas Industry is headed in the coming year, as well as projects featuring Precision from companies such as Seven Generations Energy Limited, NuVista Energy Limited, Tourmaline Oil Corporation and ARC Resources Limited.