CALGARY, AB (BHI Rig Count – December 18, 2015) – RigER presents Canadian Drilling Rigs Activity Report.

Drilling Rigs Activity Report

Canadian Rig Count is down 12 rigs from last week to 162,
with oil rigs down 2 to 71, and gas rigs down 10 to 91.

Active Drilling Rigs in Western Canada

Active Drilling Rig By Province

Western Canadian Land Rigs Count is down 13 rigs to 161:
Alberta – 104
British Columbia – 28
Manitoba – 2
Saskatchewan – 27

 This Year vs Previous Years

Canadian Rig Count is down 229 rigs from last year at 391, with oil rigs down 119, and gas rigs down 110.

Oil / Gas Split

Current Oil / Gas split is 44% / 56%.

Canadian Oil and Gas Drilling Rigs

BHI Rig Count: U.S. Unchanged at 709 rigs

U.S. Rig Count is unchanged from last week at 709, with oil rigs up 17 to 541, and gas rigs down 17 to 168.
U.S. Rig Count is down 1,166 rigs from last year at 1,875, with oil rigs down 995, gas rigs down 170, and miscellaneous rigs down 1.
The U.S. Offshore rig count is 24, up 1 rig from last week, and down 34 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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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.