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Canada’s drilling rig count increased by 4 actively drilling rigs according to data collected by Baker Hughes for the week of October 5th.
From one week ago, Alberta rig counts increased 16 to 126 and the Saskatchewan rig counts decreased 15 to 33.
Oil drilling decreased 3 to 119 and gas drilling increased 7 to 63.
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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