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).
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- Analyst Insight
Canadian Rig Count: Six Oil Rigs and One Gas Rig Added This Week
In Western Canada the oil-directed rig count increased by six this week, to 113 active rigs, which is 32% higher than the prior 10-year high for this time of year, while the gas-directed rig count increased by one to 54 rigs this week, in line with the prior five-year high for this time of year.
- Analyst Insight
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.
- Analyst Insight
Canadian Rig Counts: Up 22 This Week (+20 Oil, +2 Gas)
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.
