CALGARY, Alberta (July 17, 2015) – RigER presents Weekly Canadian Drilling Rigs Activity Report.
Canadian Rig Count is up 23 rigs from last week to 192, with oil rigs up 7 to 98, and gas rigs up 16 to 94.
Canadian Land Rigs as of July 17, 2015:
Alberta – 120
British Columbia – 26
Manitoba – 3
Saskatchewan – 39
Canadian Rig Count is down 189 rigs from last year at 381, with oil rigs down 128, and gas rigs down 61.
Oil / Gas split is 51% / 49%.
RigER has issued weekly Canadian Drilling Rigs Activity Reports as an information service to the oilfield rental industry since 2015.
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.