Drilling Rigs Activity Report – October 16, 2015

CALGARY, Alberta (Оctober 16, 2015) – RigER presents Canadian Drilling Rigs Activity Report.

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Canadian Onshore Rigs Count is up 1 rigs to 180:
Alberta – 114
British Columbia – 30
Manitoba – 2
Saskatchewan – 34

2015-10-16_2_RigER_Active_Drilling_Rigs_ProvinceCanadian Rig Count is up 1 rig from last week to 181, with oil rigs up 2 to 76, and gas rigs down 1 to 105.2015-10-16_4_RigER_Canadian_Oil_Gas_Drilling_Rigs_Split

Oil / Gas split is 42% / 58%.

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Canadian Rig Count is down 236 rigs from last year at 417, with oil rigs down 155, and gas rigs down 81.

RigER has issued weekly Canadian Drilling Rigs Activity Reports as an information service to the oilfield rental industry since 2015. Oilfield equipment rentals market 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.

 

BHI Rig Count: U.S. -8 to 787 rigs

U.S. Rig Count is down 8 rigs from last week to 787, with oil rigs down 10 to 595, gas rigs up 3 to 192, and miscellaneous rigs down 1 to 0.
U.S. Rig Count is down 1,131 rigs from last year at 1,918, with oil rigs down 995, gas rigs down 136, and miscellaneous rigs unchanged at 0.
The U.S. Offshore rig count is 33, up 1 rig from last week, and down 24 rigs year over year.

Additional information on the rig count is available on Baker Hughes Incorporated rig count website at www.bakerhughes.com/rigcount.

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