- Analyst Insight

Canadian Rig Count: Six Oil Rigs and One Gas Rig Added This Week

Author Mike Dunn

In Western Canada the oil-directed rig count increased by six this week, to 113 active rigs, which is 32% higher than the prior 10-year high for this time of year, while the gas-directed rig count increased by one to 54 rigs this week, in line with the prior five-year high for this time of year.

- Analyst Insight

Canadian Rig Count - Gas Rigs Up 1, Oil Rigs Down 1 Last Week

Author Mike Dunn

Baker Hughes' Canadian rig count for the week ending Friday May 15 showed the gas-directed active rig count rise by one last week to 48 (vs. 47 this time last year). while the oil-directed active rig count dropped by one to 74 rigs, but is still two rigs above the level a year ago, which was the prior five-year high for this time of year.