In Western Canada, the gas-directed rig count rose by 2 to 59 rigs, while the oil-directed rig count gained 20 to 136 rigs, for the week ended July 17, according to Baker Hughes data. The gas-directed rig count is 9 higher than at this time last year, and 14 below the prior five-year high for this time of year (see left chart below), while the oil-directed rig count is 25 higher than at this time last year, and 13 higher than the prior five-year high for this time of year (see right chart below). The gains in the rig counts this week more than offset declines reported last week.
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- Analyst Insight
Canadian Rig Counts: Oil Rigs Jump By 13 Last Week
In Western Canada, the gas-directed rig count rose by 1 to 63 rigs, while the oil-directed rig count gained 13 to 148 rigs, for the week ended July 31, according to Baker Hughes data.
- Analyst Insight
Canadian Rig Counts: 6 Oil Rigs Dropped, 2 Gas Rigs Added
In Western Canada, the gas-directed rig count rose by 2 to 65 rigs, while the oil-directed rig count fell by 6 to 142 rigs, for the week ended August 7, according to Baker Hughes data.
- Analyst Insight
Canadian Rig Counts: One Gas Rig Added, Seven Oil Rigs Dropped This Week
In Western Canada, the gas-directed rig count rose by one to 58 rigs, while the oil-directed rig count dropped by seven to 127 rigs, for the week ended July 2, according to Baker Hughes data.
