Rig activity down in Saskatchewan

Rig activity picks up in Alberta

By Stephen Marsters

Sept. 23, 2016, 7:35 a.m.

http://www.jwnenergy.com/article/2016/9/rig-activity-picks-alberta/

The active rig count in Western Canada stood at 146 on Thursday afternoon, level with the 145 rigs at work at the close of last week, according to Rig Locator data.

Over the past seven days, there has been an increase in the activity rate in Alberta and a decrease in Saskatchewan.

Overall, across the basin, 22 per cent of the fleet was active on Thursday afternoon.

For the same week a year ago, 25 per cent of the rigs were active in Western Canada, with 190 rigs at work out of a fleet of 760 rigs.

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

The producer had 18 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 23, 2016, in economic impact, oil, political. Bookmark the permalink. Leave a comment.

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