In Western Canada, the gas-directed rig count fell from 58 to 56 rigs, while the oil-directed rig count gained eight to 127 rigs, for the week ended June 18, according to Baker Hughes data. The gas-directed rig count is nine higher than at this time last year, and equal to the prior five-year high for this time of year (see left chart below), while the oil-directed rig count is 37 higher than at this time last year, and 24 higher than the prior five-year high for this time of year (see right chart below).
Alberta and Saskatchewan both lost one gas-directed rig (see table below).
The oil rig count jumped by seven in Alberta and by one in Saskatchewan. The gains in Alberta were spread across several regions (see table below).
