GlobeNewswire·Jul 30, 2026, 8:00 AM ET

ZenaTech's DaaS Oil and Gas Business Enters a Strengthened Market with Higher Oil Prices and More Than US$500 Billion in Expected Canadian Energy Investment Over the Next Decade

ZenaTech, Inc. announced an update on its energy sector field services operations in Western Canada following the July 2026 acquisition of Velocity Geomatics.
Velocity Geomatics provides drone-based regulatory & environmental surveys to oil & gas producers across four offices in Alberta, British Columbia, & Saskatchewan.
Oil prices rose over 45% in Q2 2026 compared to the same period last year, boosting cash flow for Western Canadian producers & increasing demand for ZenaTech's services.
Canada's oil & gas industry is projected to attract over US$500 billion in investment over the next decade, driven by energy demand & infrastructure expansion.
Approximately 80% of Velocity's current projects utilize drone-based workflows, providing an established platform for scaling ZenaTech's Drone as a Service (DaaS) business.
Asset retirement & reclamation projects create resilient demand due to regulatory requirements rather than discretionary spending.
ZenaTech specializes in AI drone, DaaS, enterprise SaaS, & Quantum Computing solutions for business, government, & defense sectors globally.
Subsidiary ZenaDrone manufactures autonomous drone solutions including the ZenaDrone 1000, IQ Nano, IQ Square, & IQ Quad at facilities in Arizona, Dubai, & Taiwan.