Copyright of the Daily Oil Bulletin 2017
Active Rig Count In Western Canada On A Slow Climb
One or two more rigs have come back into service most days this week — with a total of 109 rigs at work in Western Canada on Friday morning — with an increase of activity in Saskatchewan moving overall counts higher.
The 109 rigs represent a total activity rate of 17 per cent, according to Rig Locator. At the close of last week, 101 rigs were active (16 per cent of the fleet was active).
During the same week a year ago, only 42 rigs were working (six per cent active rate).
Over the past week, the active rig count in Alberta has declined to 66 rigs at work this morning compared to 69 at the close of last week. In Saskatchewan, however, the count has lifted to 29 from 19. There was one more rig working today in B.C., for a total of 14, compared to last Friday. No rigs are working in Manitoba.
With eight active rigs, Seven Generations Energy Ltd. was the busiest operator this morning.
Tourmaline Oil Corp. and Crescent Point Energy Corp. each had six active rigs, while Peyto Exploration & Development Corp. and Cenovus Energy Inc. each had five.
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.)