Almost one hundred more drilling rigs active this week than a year ago

Close to 30 drilling rigs head back to work this week

By Stephen Marsters

June 1, 2017, 10:52 p.m.


Image: JWN

More rigs headed back to work this week across all four western provinces, with close to 30 additional rigs at work today compared to the end of last week.

According to Rig Locator, there were 137 active rigs in Western Canada on Thursday afternoon, representing a total activity rate of 22 per cent. Last Friday, 109 rigs were working (17 per cent of the fleet was active).

There are almost one hundred more rigs active this week than a year ago. During the same week in 2016, only 44 rigs were working (seven per cent active rate).

Crescent Point Energy Corp. regained its position this week as the busiest driller—a position it held many weeks during first quarter, but relinquished during spring breakup.

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The company had 11 rigs at work Thursday afternoon, followed by Seven Generations Energy Ltd. with eight.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 June 2, 2017, in economic impact, oil, political. Bookmark the permalink. Leave a comment.

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