Natural gas and oil field activity will become even more robust as the limits of shrinking storage volumes and drilled but uncompleted (DUC) well inventories become more pronounced, according to Calgary-based drilling technology supplier Pason Systems Inc. “Meeting global demand for oil which is similar to pre-pandemic levels will require new drilling,” said CEO Jon…
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Articles from Pason Systems
Calgary’s Gibson Energy, Pason Post Gains on Expansions, Higher Prices
Gibson Energy Inc. is maintaining talks about expansions and its energy transition goals as it stacks gains from the first three months of the year thanks to increased commodity prices. The Calgary oilfield service firm’s gains were led by the oil marketing business, according to the company. Volumes grew by 20% to 58,088 b/d in…
May 9, 2022
Calgary’s Pason Seeing ‘Resilient’ Oil Demand, Potential Supply Gaps Emerging
An international drilling revival powered a five-fold jump on the bottom line for Pason Systems Corp., but underinvestment in recent years may lead to supply gaps, according to management. “Our outlook remains positive for continued growth in land-based drilling in North America and across our international markets,” said President Jon Faber. Pason operates in Canada,…
February 23, 2022
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