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Canada’s drilling rig count decreased by 4 actively drilling rigs according to data collected by Baker Hughes for the week of October 19th.
From one week ago, Alberta rig counts increased 2 to 132 and the Saskatchewan rig counts decreased 1 to 40.
Oil drilling decreased 4 to 123 and gas drilling stayed the same at 68.
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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