The Petroleum Services Association of Canada (PSAC) in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast lowered, for a second time, its forecast for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells – a drop of 1,300 or 20% from the original forecast of 6,600 in November 2018.
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