02/29/2024
Hereโs where weโre sitting according to the latest stats. ๐
Are we headed back to recession? Are we in it?
I talk to people around the country pretty regularly and according to most of them the reat of the country is feeling some pretty serious pain.
For the Grande Prairie region, 67 Drilling Licenses were issued in January. This is well below the 153 issued in 2023. Of those 67, 19 licenses were for oil, 48 for gas, and no other industry-related wells (brine, water, and waste). Of the 153 licenses issued in January 2023, 37 were for oil, 115 for gas, and 1 for other industry-related wells. Completions for 2024 were down 23% with 74 compared to 96 for the same period in 2023.
752 over-dimensional vehicles passed through the City last month, compared to 953 in January 2023. This is a 21% decrease year-over-year