Mark Scholz remembers sitting in his office in mid-June and receiving his daily report on how many oil and gas drilling rigs were operating. There are more than 500 rigs in Western Canada, but on that day amid bargain oil prices, only six were actually deployed.
"I'll probably never forget it as long as I live," said Scholz, the president of the Canadian Association of Oilwell Drilling Contractors (CAODC), in an interview.
"There were periods in the summer that were very scary for this industry," he said.
That month, the average number of rigs operating was 17, a low not seen since before the commercial discovery of oil in Canada at Leduc #1 in 1947, according to the CAODC.
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