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. The gas-directed rig count is 12 higher than at this time last year, and 5 below the prior five-year high for this time of year (see left chart below), while the oil-directed rig count is 19 higher than at this time last year, and 4 below the prior five-year high for this time of year (see right chart below).
2 gas-directed rigs were added in British Columbia, while the active gas-directed rig count was unchanged in Alberta and Saskatchewan (see table below).
Alberta dropped 6 active oil-directed rigs this week, including 4 in the Foothills Front region (see table below), while active oil-directed rig counts were unchanged in the other three provinces.
