Copyright of the Daily Oil Bulletin 2017
More Drilling Rigs Head Back To Work This Week
Drillers had more rigs head back to work this week across the Western Canadian Sedimentary Basin, according to Rig Locator.
There were 220 rigs at work Friday morning in Western Canada (35 per cent of the fleet was active), up from 207 active rigs at the close of last week (33 per cent active).
During the same week in 2016, operators had 106 rigs at work (16 per cent active rate).
Crescent Point Energy Corp. had 16 active rigs Friday morning, to the lead the pack, followed by Tourmaline Oil Corp. with 13.
Encana Corporation had nine rigs at work, while Seven Generations Energy Ltd. and Canadian Natural Resources Limited each had eight 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.)