Rig release tally to end of October off 35% from a year ago

Industry rig released 2,983 wells in the first 10 months of 2016, excluding experimental wells, a 35 per cent decline from 4,599 wells drilled in the comparable period last year. (Original information source: Daily Oil Bulletin) Share this Post

Husky energy starts production at steam-assisted oil project

Despite a rocky economy, Husky Energy Inc. has gone ahead with production at its Edam East steam-assisted oil project near Lloydminister, Saskatchewan. “Our growing portfolio of heavy oil thermal projects continues to lead Husky’s transition into a low sustaining capital business,” Husky Energy CEO Asim Ghosh said in a statement. “Edam East is another example of the quick ramp ups …