CALGARY, Alberta (August 7, 2015) – RigER presents Canadian Drilling Rigs Activity Report.
Canadian Rig Count is down 7 rigs from last week to 208, with oil rigs down 12 to 100, and gas rigs up 5 to 108.
Canadian Land Rigs Count is down 7 rigs to 204:
Alberta – 131
British Columbia – 34
Manitoba – 6
Saskatchewan – 33
Canadian Rig Count is down 179 rigs from last year at 387, with oil rigs down 122, and gas rigs down 57.
Oil / Gas split is 48% / 52%.
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.
BHI Rig Count: U.S. +10 to 884 rigs
U.S. Rig Count is up 10 rigs from last week to 884, with oil rigs up 6 to 670, gas rigs up 4 to 213, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 1,024 rigs from last year at 1,908, with oil rigs down 918, gas rigs down 103, and miscellaneous rigs down 3.
The U.S. Offshore rig count is 38, up 4 rigs 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.