Three key insights on licensing trends in Western Canada

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The Daily Oil Bulletin generates several reports on licences that provide insight on upcoming drilling trends in Western Canada.

Click here for a free Excel download of Licences Issued By PSAC Zone.

Here are three key insight based on this dataset, for the period July-to-September 2020:

  • On a percentage basis, zone BC2 (Northern British Columbia) reported the smallest decline. There were 147 new wells permitted in the July-to-September period, down from 166 a year ago, a decrease of 11 per cent.
  • In Q3, the licence counts were highest in BC2 and AB2 (Foothills Front), with 147 and 139 new wells permitted, respectively.
  • The largest percentage change happened in AB3 (Southeastern Alberta), where only seven new wells were licensed in Q3 compared to 119 a year ago (down 94 per cent).

Click here for a free Excel download of Licences Issued By PSAC Zone.

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