Drilling Rigs Activity Report – September 25, 2015

CALGARY, Alberta (September 25, 2015) – RigER presents Canadian Drilling Rigs Activity Report.

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Canadian Onshore Rigs Count is up 4 rigs to 175:
Alberta – 113
British Columbia – 35
Manitoba – 3
Saskatchewan – 24

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Canadian Rig Count is down 6 rigs from last week to 176, with oil rigs down 4 to 66, and gas rigs down 2 to 110.

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Oil / Gas split is 38% / 62%.

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Canadian Rig Count is down 253 rigs from last year at 429, with oil rigs down 180, and gas rigs down 73.

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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, oilfield service, rentals 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.

 

BHI Rig Count: U.S. -4 to 838 rigs
U.S. Rig Count is down 4 rigs from last week to 838, with oil rigs down 4 to 640, gas rigs down 1 to 197, and miscellaneous rigs up 1 to 1.
U.S. Rig Count is down 1,093 rigs from last year at 1,931, with oil rigs down 952, gas rigs down 141, and miscellaneous rigs unchanged at 1.
The U.S. Offshore rig count is 33, up 2 rigs from last week, and down 29 rigs year over year.

Additional information on the rig count is available on Baker Hughes Incorporated rig count website at www.bakerhughes.com/rigcount.

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