Drilling

  • Active Rate Bottoms Out At 7% To End The Week

    Drilling rig activity in Western Canada and the Top 10 active operators as of April 3, 2020, as reported this morning by Rig Locator.

    April 3, 2020, 11:20 AM MDT

  • Baker Hughes Rig Count: U.S. Down 64 To 664

    The U.S. rig count is down 64 rigs from last week to 664, with oil rigs down 62 to 562, gas rigs down two to 100, and miscellaneous rigs unchanged at two, according to Baker Hughes. 

    April 3, 2020, 11:11 AM MDT

  • Active Rate Continues On 2020 Low At 7%

    Drilling rig activity in Western Canada and the Top 10 active operators as of April 2, 2020, as reported this morning by Rig Locator.

    April 2, 2020, 11:43 AM MDT

  • TransGlobe Rig Releases Cardium Well; Implements Cost Cuts

    TransGlobe Energy Corporation has rig released a two-mile Cardium development well.

    April 2, 2020, 12 AM MDT

  • Active Rate Down Another Point To 7%

    Drilling rig activity in Western Canada and the Top 10 active operators as of April 1, 2020, as reported this morning by Rig Locator.

    April 1, 2020, 11:40 AM MDT

  • The DOB Backstory: Lloydminster ‘Gusher’

    This week’s DOB Backstory comes from the April 15, 1946 Daily Oil Bulletin.

    April 1, 2020, 6 AM MDT

  • Yangarra Implements COVID Plan, Capex Halted

    As a result of the COVID-19 pandemic, Yangarra Resources Ltd.’s  Calgary office has been reduced to two people with the remainder of the team working remotely to ensure the business continues to function and employees stay safe.

    April 1, 2020, 5:17 PM MDT

  • CAODC Applauds Feds For Wage Support Announcement; Says Drillers And OFS To Benefit

    The Canadian Association of Oilwell Drilling Contractors (CAODC) is applauding the Government of Canada for a wage subsidy announcement the association says will help oilfield service companies keep Canadians employed through the COVID-19 pandemic.

    March 31, 2020, 11:05 AM MDT

  • Active Rate Steady At 8%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 31, 2020, as reported this morning by Rig Locator.

    March 31, 2020, 11:49 AM MDT

  • Active Rate Sinks To 8%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 30, 2020, as reported this morning by Rig Locator.

    March 30, 2020, 11:35 AM MDT

  • Western Canadian Rig Activity: In Like A Lion, Out Like A Lamb

    Western Canadian rig activity started the year strong, but heading into spring breakup it has cratered and a quick recovery is unlikely as the Saudi/Russian oil price war, lower demand as a result of the COVID-19 outbreak, and the concomitant reductions in producer capital budgets should keep activity muted in Q2 and Q3.

    March 27, 2020, 8:40 AM MDT

  • Active Rate Ends Week At 10%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 27, 2020, as reported this morning by Rig Locator.

    March 27, 2020, 11:26 AM MDT

  • Baker Hughes Rig Count: U.S. Down 44 To 728

    The U.S. rig count is down 44 rigs from last week to 728, with oil rigs down 40 to 624, gas rigs down four to 102, and miscellaneous rigs unchanged at two, according to Baker Hughes. 

    March 27, 2020, 11:13 AM MDT

  • Three Montney Wells Completed At West Bigstone, Says Delphi

    Delphi Energy Corp. says it has concluded completion operations on its first three (three net) Montney wells in the 2020 drilling program and expects to have them all placed on production by month’s end.

    March 27, 2020, 10:35 AM MDT

  • Before The Crash, Metres Drilled Was Up Nearly 25% In First Two Months Of 2020

    Operators drilled close to four million metres of hole across Canada (excluding experimental wells) in the first two months of 2020, up nearly 25 per cent from a year ago, before the effects of the coronavirus and the OPEC/Russia price war started to influence drilling plans.

    March 26, 2020, 9:33 AM MDT

  • Active Rate Down Another Point To 10%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 26, 2020, as reported this morning by Rig Locator.

    March 26, 2020, 11:42 AM MDT

  • Rig Activity Continues Declining; Down Another Point Today

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 25, 2020, as reported this morning by Rig Locator.

    March 25, 2020, 11:39 AM MDT

  • U.S. Drilling Lease Sales Draw Few Bids During Oil Market Meltdown

    March 25, 2020, 8:31 AM MDT

  • Active Rate Down One Point To 12%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 24, 2020, as reported this morning by Rig Locator.

    March 24, 2020, 11:37 AM MDT

  • Active Rate Dips Further To 13%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 23, 2020, as reported this morning by Rig Locator.

    March 23, 2020, 11:34 AM MDT

  • Companies Pulling Back On Drilling Projects As They Reduce Spending

    As shown in the last two weekly POST reports, producers have been busy pulling back on planned drilling projects recently, as COVID-19 demand destruction and the ongoing Russia-Saudi oil price war impedes the industry.

    March 20, 2020, 8:34 AM MDT

  • Athabasca Halts 2020 Capital Program

    Athabasca Oil Corporation announced a $30 million reduction to its 2020 capital program and is proactively curtailing heavy oil production at Hangingstone.

    March 20, 2020, 6:06 AM MDT

  • Active Rate Falls To 15%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 20, 2020, as reported this morning by Rig Locator.

    March 20, 2020, 11:20 AM MDT

  • Baker Hughes Rig Count: U.S. Down 20 To 772

    The U.S. rig count is down 20 rigs from last week to 772, with oil rigs down 19 to 664, gas rigs down one to 106, and miscellaneous rigs unchanged at two, according to Baker Hughes. 

    March 20, 2020, 11:08 AM MDT

  • Active Rate Falls Further 2 Points To 17%

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 19, 2020, as reported this morning by Rig Locator.

    March 19, 2020, 11:38 AM MDT