Lengthy Seismic Acquisition Downturn Reduces The Number Of Companies In Western Canada
By: Carter Haydu Article was originally published on Nov 24, 2015 by the Daily Oil Bulletin and can be found here: http://www.dailyoilbulletin.com/article/2015/11/24/lengthy-seismic-acquisition-downturn-reduces-numbe/ The number of seismic acquisition crews working in Western Canada for the 2015-16 season will be drastically reduced from even a couple of years ago, as the smaller companies are essentially gone and those medium-to-large companies remaining are grappling with the impact of a multi-year downturn for the sector. “In general, we predict a softer winter than last year, and last year was bad,” Mike Doyle , president of the Canadian Association of Geophysical Contractors (CAGC), told the Bulletin . He said the season prior to Alberta’s single regulator implementation in November 2013, there were about 30 to 35 seismic crews in Western Canada. Due to timing of regulation, there were around 22 to 25 crews in Q1 2014. With the drop...