CALGARY, AB (BHI Rig Count) – RigER presents North America Drilling Rigs Activity Report – October 28, 2016.
North America Drilling Rigs Activity Report
Rig Count: U.S. +4 to 557 rigs, Canada +10 to 153 rigs
Canadian Drilling Rigs Activity Report
Canadian Rig Count is up 10 rigs from last week to 153,
with oil rigs up 4 to 73, gas rigs up 5 to 79,
and miscellaneous rigs up 1 to 1.
Active Land Drilling Rigs By Province
Western Canadian Land Rigs Count is up 25 rig to 161:
Alberta – 109
British Columbia – 16
Manitoba – 4
Saskatchewan – 22
Canadian Drilling Season: This Year vs Previous Years
Canadian Rig Count is down 38 rigs from last year’s count of 191,
with oil rigs down 11, gas rigs down 28, and miscellaneous rigs up 1.
Canadian Oil and Gas Drilling Rigs
Current Oil / Gas split in Canada is 48% / 52%.
U.S. Drilling Rigs Activity Report
U.S. Rig Count is up 11 rigs from last week to 522,
with oil rigs up 7 to 425, gas rigs up 4 to 96, and miscellaneous rigs unchanged at 1.
Texas has 46% of US Drilling Activity
U.S. Active Drilling Rig By States
NORTH DAKOTA 35
NEW MEXICO 32
WEST VIRGINIA 10
Active Drilling Rigs in Next 10 States (after Texas)
U.S. Rig Count is down 287 rigs from last year’s count of 809,
with oil rigs down 189, gas rigs down 99, and miscellaneous rigs up 1.
US Oil / Gas Split
Current Oil / Gas split in USA is 82% / 18%.
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.
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.