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Canada’s drilling rigs decreased by 11 to the current 191 active drilling rigs according to data collected by Baker Hughes for the week of October 27th.
From one week ago, Alberta rig counts decreased from 141 to 136, the Saskatchewan rig count decreased by 5 from 30 to 25.
Oil drilling declined by 11 to 96 and gas rigs went down 1 to 94.
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COMMENTARY: Taxes and Regulations Will Increase the Cost of Producing New Energy In Alberta, Making it Less Competitive Than the US – Jack Mintz