2022 Capex Trends: Alberta Expects Oil And Gas Investment To Continue To Recover

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With higher corporate profits, there are growing investment opportunities in Alberta’s oil and gas sector as stronger cash flows and financial positions among energy producers have allowed some operators to exceed their debt reduction targets, the government of Alberta said in its Nov. 30 mid-year fiscal update.

“Drilling activity is picking up after a slow start to the year, with rig counts exceeding pre-pandemic 2019 levels every month since June,” the province said.

To read the Daily Oil Bulletin’s latest guidance report, which features announcements made Nov. 29-Dec. 3, 2021, click here to access it directly, or click on the Guidance tab on the DOB website.

The guidance report provides 2022 forecasts for capital spending, drilling and production for companies headquartered in Canada and the U.S.

Data for the report is powered by Evaluate Energy.

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