Precision applauds move to allow new conventional oil well drilling
Precision Drilling Corporation is throwing its support behind the Alberta government’s decision to allow producers to drill new conventional oil wells without being restricted by production limits.
“We fully support the Alberta Government’s announcement today,” said CEO Kevin Neveu, “which is an important step for customer planning and investor sentiment heading into 2020. We view this decision as positive for both our oil and gas customers and the province and believe the decision will encourage increased investment, support energy sector jobs and help with needed stability in the Canadian energy sector.”
Neveu added that with this favourable industry development,“we look forward to working with our customers on their near-term drilling programs.”