CALGARY, Alberta (September 4, 2015) – RigER presents Canadian Drilling Rigs Activity Report.
Canadian Land Rigs Count is down 9 rigs to 183:
Alberta – 124
British Columbia – 32
Manitoba – 5
Saskatchewan – 22
Canadian Rig Count is down 227 rigs from last year at 414, with oil rigs down 150, and gas rigs down 77.
Oil / Gas split is 42% / 58%.
Canadian Rig Count is down 9 rigs from last week to 187, with oil rigs down 10 to 78, and gas rigs up 1 to 109.
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. -13 to 864 rigs
U.S. Rig Count is down 13 rigs from last week to 864, with oil rigs down 13 to 662, gas rigs unchanged at 202, and miscellaneous rigs unchanged at 0.
U.S. Rig Count is down 1,061 rigs from last year at 1,925, with oil rigs down 922, gas rigs down 138, and miscellaneous rigs down 1.
The U.S. Offshore rig count is 33, up 3 rigs from last week, and down 32 rigs year over year.
Additional information on the rig count is available on Baker Hughes Incorporated rig count website at www.bakerhughes.com/rigcount.