Drilling Rigs Activity Report – July 31, 2015

CALGARY, Alberta (July 31, 2015) – RigER presents Weekly Canadian Drilling Rigs Activity Report.

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Canadian Rig Count is up 15 rigs from last week to 215, with oil rigs up 14 to 112, and gas rigs up 1 to 103.

Canadian Land Rigs Count is up 15 rigs to 211:
Alberta – 128
British Columbia – 34
Manitoba – 5
Saskatchewan – 44

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Canadian Rig Count is down 177 rigs from last year at 392, with oil rigs down 114, and gas rigs down 63.

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Oil / Gas split is 52% / 48%.

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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. -2 to 874 rigs

U.S. Rig Count is down 2 rigs from last week to 874, with oil rigs up 5 to 664, gas rigs down 7 to 209, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 1,015 rigs from last year at 1,889, with oil rigs down 909, gas rigs down 104, and miscellaneous rigs down 2.
The U.S. Offshore rig count is 34, up 3 rigs from last week, and down 24 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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