Drilling Rigs Activity Report – February 26, 2016

CALGARY, AB (BHI Rig Count – February 26, 2016) – RigER presents North America Drilling Rigs Activity Report.

North America Drilling Rigs Activity Report

Rig Count: USA -12 to 502 rigs, Canada -31 to 175 rigs
2016-02-26_RigER_WR-Active_Drilling_Rigs_North_America_USA_Canada

Canadian Drilling Rigs Activity Report

Canadian Rig Count is down 31 rigs from last week to 175,
with oil rigs down 26 to 83, and gas rigs down 5 to 92.

 

Active Drilling Rigs in Western Canada

2016-02-26_RigER_WR1-Active_Drilling_Rigs_Western_Canada

 

 

Active Land Drilling Rigs By Province

Western Canadian Land Rigs Count is down 31 rigs to 172:
Alberta – 112
British Columbia – 31
Manitoba – 2
Saskatchewan – 27

2016-02-26_RigER_WR2-Active_Drilling_Rigs_Canada_Province

 

 

Canadian Drilling Season: This Year vs Previous Years

Canadian Rig Count is down 155 rigs from last year at 330, with oil rigs down 88, and gas rigs down 67.

2016-02-26_RigER_WR3-Canadian_Active_Drilling_Rigs

Canadian Oil / Gas Split

Current Oil / Gas split in Canada is  46% / 54% .

2016-02-26_RigER_WR4-Canadian_Oil_Gas_Drilling_Rigs_Split

 

Canadian Oil and Gas Drilling Rigs

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U.S. Drilling Rigs Activity Report

U.S. Rig Count is down 12 rigs from last week to 502,
with oil rigs down 13 to 400, and gas rigs up 1 to 102.

2016-02-26_RigER_WR6-Active_Drilling_Rigs_USA_Texas

Texas has 46% of US Drilling Activity

U.S. Active Drilling Rig By States

Texas – 231

Oklahoma – 73
Louisiana – 47
North Dakota – 36
Colorado – 19

New Mexico – 18
Pennsylvania – 16
West Virginia – 13
Ohio – 12
Alaska – 11

Wyoming – 9
Kansas – 7
California – 6
Mississippi – 1
Nebraska – 1

Kentucky – 2

Active Drilling Rigs in Next 10 States

2016-02-26_RigER_WR8-Active_Drilling_Rigs_Top10

U.S. Rig Count is down 765 rigs from last year at 1,267,
with oil rigs down 586, gas rigs down 178, and miscellaneous rigs down 1.

 

US Oil / Gas Split

Current Oil / Gas split in USA is 80% / 20%.2016-02-26_RigER_WR9-US_Oil_Gas_Drilling_Rigs_Split

 


RigER providing 
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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