CALGARY, Alberta (August 21, 2015) – RigER presents Canadian Drilling Rigs Activity Report.
Canadian Rig Count is down 3 rigs from last week to 208, with oil rigs down 3 to 97, and gas rigs unchanged at 111.
Canadian Land Rigs Count is down 3 rigs to 204:
Alberta – 131
British Columbia – 36
Manitoba – 6
Saskatchewan – 31
Canadian Rig Count is down 197 rigs from last year at 405, with oil rigs down 139, and gas rigs down 58.
Oil / Gas split is 47% / 53%.
RigER has issued weekly Canadian Drilling Rigs Activity Reports as an information service to the oilfield rental industry since 2015.
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. +1 to 885 rigs
U.S. Rig Count is up 1 rig from last week to 885, with oil rigs up 2 to 674, gas rigs unchanged at 211, and miscellaneous rigs down 1 to 0.
U.S. Rig Count is down 1,011 rigs from last year at 1,896, with oil rigs down 890, gas rigs down 119, and miscellaneous rigs down 2.
The U.S. Offshore rig count is 32, down 3 rigs from last week, and down 32 rigs year over year.
Additional information on the rig count is available on Baker Hughes Incorporated rig count website at www.bakerhughes.com/rigcount.