Drilling Rigs Activity Report – December 11, 2015

CALGARY, AB (BHI Rig Count – December 11, 2015) – RigER presents Canadian Drilling Rigs Activity Report.

 

Drilling Rigs Activity Report

 

Canadian Rig Count is down 3 rigs from last week to 174,
with oil rigs down 4 to 73, and gas rigs up 1 to 101.

Active Drilling Rigs in Western Canada

RigER_WR1-Active_Drilling_Rigs_Western_Canada

 

Active Drilling Rig By Province

Western Canadian Land Rigs Count is down 3 rigs to 174:
Alberta – 115
British Columbia – 28
Manitoba – 2
Saskatchewan – 29

RigER_WR2-Active_Drilling_Rigs_Province

 

 

 This Year vs Previous Years

Canadian Rig Count is down 257 rigs from last year at 431, with oil rigs down 142, and gas rigs down 115.

 

RigER_WR3-Canadian_Active_Shore_Drilling_Rigs

Oil / Gas Split

Current Oil / Gas split is 48% / 52%.

RigER_WR4-Canadian_Oil_Gas_Drilling_Rigs_Split

 

Canadian Oil and Gas Drilling Rigs

RigER_WR5-Canadian_Oil_Gas_Drilling_Rigs

 

BHI Rig Count: U.S. -28 to 709 rigs

U.S. Rig Count is down 28 rigs from last week to 709, with oil rigs down 21 to 524, and gas rigs down 7 to 185.
U.S. Rig Count is down 1,184 rigs from last year at 1,893, with oil rigs down 1,022, gas rigs down 161, and miscellaneous rigs down 1.
The U.S. Offshore rig count is 23, down 2 rigs from last week, and down 37 rigs year over year.

RigER has issued Drilling Rigs Activity Reports as an information service to the oilfield service industry.
Oilfield service and equipment rentals demand directly depends on Drilling Rigs Activity.

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RigER_Boost_Oilfield_Rentals

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.

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

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