Corporate Guidance Monthly Report - June 2020

Dented global energy demand owing to the coronavirus pandemic portends a quiet summer for drilling activity across North America.

The overall market picture remains bearish.

Drilling activity at present is at record lows in both Canada and U.S., although some analysts believe the U.S. weekly rig count decline will slow if there’s a continued gradual recovery in oil prices.

For full details, read the DOB’s weekly guidance report for June, which is now posted on our website. To read the full weekly guidance report, click here to access it directly, or click on the Guidance tab on the DOB website. Data for the report is powered by Evaluate Energy. The DOB and Evaluate are a part of Glacier Resource Innovation Group.