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.
Featured Articles
- 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: 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.
- Analyst Insight
Canadian Rig Counts - Gas Rig Count May Have Bottomed, Oil Rig Count Down By 6
The Western Canadian rig count fell by 5 rigs for the week ending April 17, according to Baker Hughes data. The gas-directed rig count was up 1 to 53 rigs (blue line in left-hand chart below), while the oil-directed rig count was down 6 to 75 rigs (red line in right-hand chart below). After following last year's rig count quite closely so far in 2026, the gas-directed rig count has recently plateaued and is now ahead of this time last year by 6 rigs, while the oil-directed rig count was 6 rigs below this time last year, and continued its typical decline during spring break-up season.
