CALGARY – An oil and gas service industry group predicts lacklustre prices for those resources will weigh on spending and activity next year, but the prospect of new export infrastructure gives reason for optimism ahead.

Enserva says in its annual State of the Industry report that total oil and gas capital spending is expected to drop by 5.6 per cent this year versus last, and by a further 2.2 per cent in 2026.

Total wells drilled this year are on track to be nine per cent lower than a year ago, with the biggest drop in British Columbia at 16 per cent.

But with more liquefied natural gas export capability coming online next year, B.C. drilling is set to partly rebound by six per cent next year.

Drilling in Alberta is expected to be seven per cent lower this year versus last, with Saska

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