In Western Canada, the gas-directed rig count fell by one to 57 rigs, while the oil-directed rig count dropped by 11 to 116 rigs, for the week ended July 10, according to Baker Hughes data. The gas-directed rig count is 8 higher than at this time last year, and one below the prior five-year high for this time of year (see left chart below), while the oil-directed rig count is 15 higher than at this time last year, and now only 2 higher than the prior five-year high for this time of year (see right chart below).
The one gas-directed rig lost was in British Columbia (see table below).
The 11 rig drop in the oil-directed rig count came from Northeast Alberta (-4), other Alberta (-1), Saskatchewan (-4), and Manitoba (-2).
