Drilling Rigs Activity Report – May 15, 2015

CALGARY, Alberta (May 15, 2015) – RigER presents Canadian Weekly Drilling Rigs Activity Report.

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Canadian Rig Count is down 1 rigs from last week. It looks stable last month.

Total Drilling Rigs Utilization is 10%. Breakdown by Province: Alberta – 10%, SK – 7%, BC – 22%, MB – 0%

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TOP-5 Drilling Rig Operators have 38% of drilling activity: Royal Dutch Shell plc – 9, Seven Generations Energy – 8, Progress Energy Canada Ltd.- 5, Peyto Exploration & Development Corp. – 5, Crescent Point Energy Corp. – 4

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RigER has issued weekly Canadian Drilling Rigs Activity Reports as an information service to the oilfield rental industry since 2015.

 

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The Drilling Rigs Activity Reports are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active, they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.

Industries usually measure economic impact by approximating a dollar value to represent their purchasing power. The oil and gas industry measures economic impact by counting active rigs. A drilling rig requires many oilfield support services to drill a well. And after the well is complete, other oilfield services go to work to bring the well into production and to maintain it. Rig utilization is the percentage of active rigs. In Canada, rig utilization has a distinct annual cycle.

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