Drilling Rigs Activity Report – January 15, 2016

CALGARY, AB (BHI Rig Count – January 15, 2016) – RigER presents Canadian Drilling Rigs Activity Report.

Drilling Rigs Activity Report

Canadian Rig Count is up 61 rigs from last week to 227,
with oil rigs up 39 to 110, and gas rigs up 22 to 117.

Active Drilling Rigs in Western Canada

Active Drilling Rig By Province

Western Canadian Land Rigs Count is up 82 rigs to 226:
Alberta – 147
British Columbia – 36
Manitoba – 5
Saskatchewan – 38

 This Year vs Previous Years

Canadian Rig Count is down 213 rigs from last year at 440, with oil rigs down 124, and gas rigs down 89.

 Oil / Gas Split

Current Oil / Gas split is 49% / 51%.

Canadian Oil and Gas Drilling Rigs

BHI Rig Count: U.S. -14 to 650 rigs

U.S. Rig Count is down 14 rigs from last week to 650, with oil rigs down 1 to 515, and gas rigs down 13 to 135.
U.S. Rig Count is down 1,026 rigs from last year at 1,676, with oil rigs down 851, and gas rigs down 175.
The U.S. Offshore rig count is 26, down 1 from last week, and down 28 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.

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.