Saskatchewan oilfields set new record

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REGINA, Sask. — Saskatchewan’s oilfields are booming, according to numbers released yesterday by the provincial government.

Industry and Resources Minister, Eric Cline, announced this year set a new record for oil and gas well drilling in the province. More than 4,070 wells have been drilled in 2003 to date, surpassing the previous record of 3,935 set in 1997.

Also, this year’s drilling activity is 19 per cent higher than last year and Cline predicts ongoing steady activity as 2004 rolls round.

The oil and gas industry makes up eight per cent of Saskatchewan’s economy. Revenues for 2003 are projected at $892 million this year.

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