For the week of November 21, Baker Hughes reported that the Western Canadian gas-directed rig count rose three to 67 (blue line and text in left hand chart below), unchanged from a year ago, and six less than the top of the five-year range. The oil-directed rig count rose four to 126 (red line and text in right hand chart), five less than a year ago and versus the top of the five-year range, and its lowest level for this time of year since 2023.
Featured Articles
- Analyst Insight
Canadian Drilling – Little to Write Home About
No change in the gas rig count with only a single rig increase for oil marked another dull week for Canadian drilling.
- Analyst Insight
Canadian Drilling – Signs of Life for Natural Gas, But Not So Much for Oil
Western Canada's natural gas rig count crept higher and is now above a year ago; crude rigs pulled back and are struggling.
- Analyst Insight
Canadian Drilling – Spooky Surprise for the Oil Rig Count
Western Canada's latest gas rig count fell slightly, while its oil rig count recorded a larger than seasonal drop - a most spooky surprise.
