50% Canada’s drilling fleet active – up from 31% last year

Half of Canada’s drilling fleet now active

By Stephen Marsters

Jan. 12, 2017, 6:32 p.m.

http://www.jwnenergy.com/article/2017/1/half-canadas-drilling-fleet-active/

 

Exactly half of Canada’s drilling fleet was working Thursday afternoon, with 325 active rigs and 325 down rigs.

Today’s active rig count is up 25 from the close of last week, according to Rig Locator.

Rig activity rates are substantially higher than last year. During the same week a year ago, 237 rigs were active and 517 were down, for a total activity rate of 31 per cent.

Crescent Point Energy Corp. was the busiest operator on Thursday afternoon with 21 active rigs, followed by Encana Corporation with 13.

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 January 13, 2017, in economic impact, oil, political. Bookmark the permalink. Leave a comment.

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