Active oil rig count rises

Western Canada’s active rig count rises this week

By Stephen Marsters

July 22, 2016, 7:52 a.m.

There were 115 rigs working across Western Canada on Thursday afternoon, up from just under 100 at the end of last week.

Crescent Point Energy Corp. was the busiest operator on Thursday, with 12 active rigs, followed by Tourmaline Oil Corp. with eight.

Overall, Rig Locator records show that 17 per cent of the fleet was active on Thursday, up from 15 per cent at the tail end of last week.

A year ago this week, 215 rigs were active out of a fleet of 762 rigs, for a 28 per cent active rate.

Active rigs on the Rig Locator website are defined as rigs that are drilling, rigging up or moving. (Note: This data differs from the rig counts tracked by the Canadian Association of Oilwell Drilling Contractors, which bases its utilization rates on whether rigs are drilling, which it defines as spud to rig release, or down).

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on July 25, 2016, in economic impact, oil. Bookmark the permalink. Leave a comment.

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