For the week ending March 27, 2026, Baker Hughes reported that the Western Canadian gas-directed rig count fell by 5 rigs week-over-week, to 58 active rigs (blue line and text in left hand chart below), while the Western Canadian oil-directed rig count dropped by 19 week-over-week to 93 active rigs (red line and text in right hand chart below). At 58 rigs, the gas-directed rig count is 4 higher than this time last year, but well below the prior five-year high for this time of year of 81 in 2023, while the oil-directed rig count is 14 lower than at this time in 2025, which was the previous five-year high for this time of year. As shown in the charts below, rig counts in Western Canada tend to decline this time of year, especially oil-directed rig counts, as "spring break-up" season gets underway. Despite very strong oil prices, unseasonably warm weather through much of February and March has likely triggered a relatively early spring break-up season for oil drilling.
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Canadian Rig Counts - Seasonal Declines Continue
For the week ending March 20, 2026, Baker Hughes reported that the Western Canadian gas-directed rig count fell by 2 week-over-week to 63, while the Western Canadian oil-directed rig count fell by 17 week-over-week to 112 active rigs.
Canadian Rig Counts - Oil Down, Gas Flat, as Spring Break-Up Approaches
For the week ending March 13th, 2026, Baker Hughes reported that the Western Canadian gas-directed rig count was unchanged week-over-week at 65, while the Western Canadian oil-directed rig count fell by 9 week-over-week to 129 active rigs.
Canadian Rig Counts - Continue Seasonal Declines, Northeast Alberta Oil Drilling Bucking Trend
For the week ending Thursday April 2, 2026, Baker Hughes reported that the Western Canadian gas-directed rig count fell by 4 rigs week-over-week, to 54 active rigs (flat year-over-year, 21 below the prior five-year high for this time of year), while the Western Canadian oil-directed rig count dropped by 7 week-over-week to 86 active rigs (down 12 vs. this time last year, which was the prior five-year high). Seasonally expected reductions to rig counts continued as "spring break-up" season takes hold. Active rigs in Northeast Alberta targeting horizontal oil wells (SAGD and other heavy oil targets) have not yet begun typical spring break-up declines, with the active rig count in that area holding up at 40 rigs.
