Drilling Rigs Activity Report – July 24, 2015

CALGARY, Alberta (July 24, 2015) – RigER presents Weekly Canadian Drilling Rigs Activity Report.

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Canadian Rig Count is up 8 rigs from last week to 200, with oil rigs unchanged at 98, and gas rigs up 8 to 102.

Canadian Land Rigs Count as of July 24, 2015:
Alberta – 123
British Columbia – 30
Manitoba – 4
Saskatchewan – 39

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Canadian Rig Count is down 195 rigs from last year at 395, with oil rigs down 140, and gas rigs down 55.

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Oil / Gas split is 49% / 51%.

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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. +19 to 876 rigs

U.S. Rig Count is up 19 rigs from last week to 876, with oil rigs up 21 to 659, gas rigs down 2 to 216, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 1,007 rigs from last year at 1,883, with oil rigs down 903, gas rigs down 102, and miscellaneous rigs down 2.
The U.S. Offshore rig count is 31, unchanged 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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