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

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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

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Horizon North Reduces Capex, Expenses; Provides Transaction, COVID-19 Updates

In response to the current global environment and lower anticipated customer demand, Horizon North Logistics Inc. is taking a series of steps to mitigate negative impacts, including reducing its sustaining capital spending by 38 per cent to $13 million, which includes a pause on mat manufacturing.

March 27, 2020, 7 AM MDT

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