Oilfield Services

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


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


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


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


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


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