Drilling Rigs Activity Report – January 8, 2016

CALGARY, AB (BHI Rig Count – January 8, 2016) – RigER presents Canadian Drilling Rigs Activity Report.

 

Drilling Rigs Activity Report

 

Canadian Rig Count is up 83 rigs from last week to 166,
with oil rigs up 59 to 71, and gas rigs up 24 to 95.

 

Active Drilling Rigs in Western Canada

2016-01-08_RigER_WR1-Active_Drilling_Rigs_Western_Canada

 

 

Active Drilling Rig By Province

Western Canadian Land Rigs Count is up 82 rigs to 165:
Alberta – 97
British Columbia – 30
Manitoba – 4
Saskatchewan – 34

2016-01-08_RigER_WR2-Active_Drilling_Rigs_Province

 

 

 This Year vs Previous Years

Canadian Rig Count is down 200 rigs from last year at 366, with oil rigs down 110, and gas rigs down 90.

2016-01-08_RigER_WR3-Canadian_Active_Shore_Drilling_Rigs

 Oil / Gas Split

Current Oil / Gas split is 43% / 57%.

2016-01-08_RigER_WR4-Canadian_Oil_Gas_Drilling_Rigs_Split

 

Canadian Oil and Gas Drilling Rigs

2016-01-08_RigER_WR5-Canadian_Oil_Gas_Drilling_Rigs

 

 

 

BHI Rig Count: U.S. -34 to 664 rigs

U.S. Rig Count is down 34 rigs from last week to 664, with oil rigs down 20 to 516, and gas rigs down 14 to 148.
U.S. Rig Count is down 1,086 rigs from last year at 1,750, with oil rigs down 905, and gas rigs down 181.
The U.S. Offshore rig count is 27, up 2 from last week, and down 27 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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