More rigs are working across Western Canada this week

More rigs are working across Western Canada this week

By Stephen Marsters

Sept. 16, 2016, 7:40 a.m.


The number of active rigs in Western Canada increased this week, with 147 active rigs on Thursday afternoon compared to 139 at the close of last week, according to Rig Locator data.

Across the basin, 22 per cent of the fleet is active compared to 25 per cent for the same week a year ago, when 187 rigs were active in Western Canada out of a fleet of 759 rigs.

Crescent Point Energy Corp. is the most active driller across the Western Canada Sedimentary Basin.

The producer had 19 active rigs on Thursday afternoon, followed by Tourmaline Oil Corp. with 11 active rigs.

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 September 16, 2016, in economic impact. Bookmark the permalink. Leave a comment.

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