Drilling Rigs Activity Report – December 31, 2015

CALGARY, AB (BHI Rig Count – December 31, 2015) – RigER presents Canadian Drilling Rigs Activity Report.

 

Drilling Rigs Activity Report

 

Canadian Rig Count is down 43 rigs from last week to 83,
with oil rigs down 32 to 12, and gas rigs down 11 to 71.

 

 

Active Drilling Rigs in Western Canada

2015-12-31_RigER_WR1-Active_Drilling_Rigs_Western_Canada

 

 

 

Active Drilling Rig By Province

Western Canadian Land Rigs Count is down 43 rigs to 83:
Alberta – 56
British Columbia – 25
Manitoba – 0
Saskatchewan – 2

2015-12-31_RigER_WR2-Active_Drilling_Rigs_Province

 

 

 This Year vs Previous Years

Canadian Rig Count is down 125 rigs from last year at 208, with oil rigs down 40, and gas rigs down 85.

 

2015-12-31_RigER_WR3-Canadian_Active_Shore_Drilling_Rigs

Oil / Gas Split

Current Oil / Gas split is 15% / 85%.

2015-12-31_RigER_WR4-Canadian_Oil_Gas_Drilling_Rigs_Split

 

Canadian Oil and Gas Drilling Rigs

2015-12-31_RigER_WR5-Canadian_Oil_Gas_Drilling_Rigs

 

 

 

BHI Rig Count: U.S. -2 to 698 rigs

U.S. Rig Count is down 2 rigs from last week to 698, with oil rigs down 2 to 536, and gas rigs are unchanged from last week, at 162.
U.S. Rig Count is down 1,113 rigs from last year at 1,811, with oil rigs down 946, gas rigs down 166, and miscellaneous rigs down 1.
The U.S. Offshore rig count is 25, up 1 from last week, and down 30 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.

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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