Saskatchewan introduces a new multi-lateral well drilling program with a competitive royalty regime to increase oil production by 25%.
Saskatchewan introduces a new multi-lateral well drilling program with a competitive royalty regime, aiming to increase oil production by 25% and add 100 to 200 additional wells each year. The government believes this initiative will support their goal of increasing oil production up to 600,000 barrels per day, benefiting the province's second-largest oil-producing jurisdiction and over 26,000 jobs.
April 30, 2024
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