Global prices for natural gas and oil are higher than they’ve been since 2014, the last boom year for Alberta before a price collapse caused widespread bankruptcies and layoffs in the energy sector and plunged the province into recession. ![]() ![]() “This is the first time in a very, very long time that many of our small businesses - who really quite frankly have been on the edge of insolvency and bankruptcy - (are receiving) that message of hope that many people have been waiting for.” “This is the good news story that we’ve been waiting for for seven years,” Mark Scholz, CAOEC president and chief executive, told reporters at an industry event in Calgary. The Canadian Association of Energy Contractors (CAOEC) said Tuesday it is expecting 6,457 oil and gas wells to be drilled in 2022, a more than 25 per cent increase from 2021.
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