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Thursday, May 30, 2013

Keystone XL? We Don't Need NO Keystone XL --

Oil & Gas Journal is reporting:
The Canadian Association of Oilwell Drilling Contractors has hiked its forecast of 2013 drilling in western Canada 2.3% to 10,649 wells based on first quarter performance that was stronger than expected in the association’s November 2012 forecast.
CAODC said industry averaged 496 rigs or 61% utilization in January through March, compared with the 60% utilization anticipated in the November forecast.
In first quarter drilling, Alberta utilization averaged 60% (365 rigs running in a fleet of 607), Saskatchewan 56% (70 rigs of 125 available), in British Columbia 81% (47 out of 58 available rigs), and in Manitoba 55% (13 out of 24 rigs available).
Lots of conflicting data points out there. 

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