Forecasts Predict Continued Rebound in Canada's Oil & Gas Activity for 2022

SUGAR LAND--December 1, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Things are looking up for Canada's oil and gas industry, according to recent forecasts by two energy groups. The Canadian Association of Energy Contractors (CAOEC) forecasts the number of wells drilled in the Great White North will grow 27% next year from 2021. Meanwhile, the Petroleum Services Association of Canada (PSAC) forecasts a 16% increase in drilling activity for 2022.