News Release - January 5, 2001
RECORD SET FOR NATURAL GAS DRILLING
Energy and Mines Minister Eldon Lautermilch today announced a new, all-time
record for natural gas well drilling was set in 2000.
The 1,203 gas wells drilled broke the previous record of 1,038 gas wells set in
1999. And, while the 2,397 oil wells drilled last year did not establish a
record, the number was up a significant 72 per cent from 1999.
Total oil and gas well drilling for 2000 was 3,600, the third highest year on
record. The drilling numbers are considered preliminary and may be subject to
"We are predicting 2001 will be another active year for the oil and gas
industry in Saskatchewan," Lautermilch said. "This will contribute
significantly to the economy, attracting investment, creating jobs and
generating revenue for the province."
The robust drilling levels in 2000 can be attributed primarily to high oil and
Oil production also reached a new high last year. Although a final number for
oil production is not yet available, it appears approximately 151 million
barrels of oil were produced in 2000. That would exceed the previous oil
production record of 147.6 million barrels established in 1997.
For more information, contact
Energy and Mines
Phone: (306) 787-2591