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Pulse: No Drill Baby, No Drill

Industry Report Energy Services

May 16, 2014

by Alberta Venture Staff




No Drill Baby, No Drill

In March, more than 11,000 residents of Lethbridge signed a petition seeking to ban drilling for oil and gas within city limits. GoldenKey Oil, a Calgary-based company, planned to drill three exploratory wells in an undeveloped part of the city. Alberta currently doesn’t have any regulations about drilling in urban areas, although the provincial government promised to review the lack of policy by 2013. Former energy minister Diana McQueen promised that an urban drilling policy would be coming in the near future, but that seems increasingly unlikely due to the resignation of Alison Redford as premier and the resulting disarray in government.


Drilling Activity 2008-2013

The number of successfully completed wells in Alberta has been gradually declining, although the rise of horizontal multi-stage fracking – meaning far more complex wells – is keeping the drilling companies busier than they were last year.


The rising tide of LNG will lift many energy-service boats

Safety Dance

Companies are embracing new technology to keep workers safe

Make it Mexico

Opportunities are opening up south – way south – of the border


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