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Canada's oil and gas drilling is projected to rise in 2026, but Saskatchewan faces declines due to spending cuts and regulatory uncertainty.
The Canadian Association of Energy Contractors forecasts a 3% increase in oil and gas drilling activity for 2026, projecting around 5,709 wells to be drilled, along with growth in rig operating days and service hours, citing improved market conditions and the Alberta-Ottawa energy accord.
However, Enserva, representing energy services in Saskatchewan, predicts a 5.6% decline in sector spending in 2025 and a further 2.2% drop in 2026, with a 10% decline in drilling activity expected in the province.
Despite divergent spending forecasts, industry leaders note cautious optimism, citing stable employment, ongoing investment, and potential recovery after mid-2026, contingent on regulatory clarity and trade negotiations.
Se proyecta que la perforación de petróleo y gas de Canadá aumente en 2026, pero Saskatchewan enfrenta disminuciones debido a los recortes de gastos y la incertidumbre regulatoria.