53% of Canadian drilling fleet active – up from 50% last week and 32% last year

Canadian operators add 16 rigs this week; 53 percent of drilling fleet active

By Stephen Marsters

Jan. 20, 2017, 7:39 a.m.



Crescent Point Energy continues to lead drilling activity across the Western Canada Sedimentary Basin.

Operators have 16 more rigs working this week, bringing the total active rig count across Western Canada to 345 on Thursday afternoon compared to 329 active rigs last Friday.

Fifty-three per cent of fleet was active on Thursday, as 306 rigs were down out of a total fleet size of 651, according to Rig Locator.

During the same week a year ago, 241 rigs were active and 513 were down, for a total activity rate of 32 per cent.

On Thursday afternoon Crescent Point had 23 active rigs, followed by Encana Corporation and Tourmaline Oil Corp. with 12 each.

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 20, 2017, in economic impact, oil, political. Bookmark the permalink. Leave a comment.

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