Brian Zinchuk: Some suggestions for the Saskatchewan government to stimulate activity in the province’s oilpatch

Brian Zinchuk: Some suggestions for the Saskatchewan government to stimulate activity in the province’s oilpatch

As I noted on Sept. 28, there’s a substantial amount of concern in the oilpatch about the lack of activity despite high oil prices. As one person told me, “When oil was $40 a couple years ago I was optimistic that a price recovery would lead to increased activity in our region. Now that we’re struggling to keep a double digit rig count in SE Sask with $94 oil ($127 CAD) it’s tough to stay optimistic.”

Brian Zinchuk: With oil prices now at US$94 per barrel, why is industry activity akin to when it was half that?

Brian Zinchuk: With oil prices now at US$94 per barrel, why is industry activity akin to when it was half that?

In the last week I’ve spoke to some of the most knowledgeable people I know in the Saskatchewan oilpatch, business owners all, from Weyburn, Lloydminster and several from Estevan. There’s a rising chorus of dissatisfaction amongst them. Things should be booming in this province’s oilpatch, but they aren’t. And this disquiet could threaten the governing Saskatchewan Party with the potential loss of a key portion of its base.

Brian Zinchuk: How significant is Crescent Point’s attention turning from Saskatchewan to Alberta?

Brian Zinchuk: How significant is Crescent Point’s attention turning from Saskatchewan to Alberta?

Earlier this week, I posted a significant story entitled, “Once Saskatchewan’s largest oil company, Crescent Point plans to spend 70% of its capex in Alberta.” One person online wondered about its significance. And indeed, he had a point. After all, what has Crescent Point meant to Saskatchewan?
It turns out, a lot. So let me lay out some context for the average Saskatchewan resident:

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