In Western Canada the gas-directed rig count dropped by one to 62 rigs, while the oil-directed rig count fell by four to 139 rigs, for the week ended September 4, according to Baker Hughes data. The gas rig count is seven higher than at this time last year, and is near the prior five-year average for this time of year (see left chart below), while the oil rig count is 21 higher than at this time last year, but is now 10 rigs below the prior five-year high for this time of year (see right chart below).
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- Analyst Insight
Canadian Rig Counts: Down by Nine for Week Ending September 18
In Western Canada the gas-directed rig count dropped by 2 to 62 rigs, while the oil-directed rig count fell by 7 to 132 rigs, for the week ended September 18, according to Baker Hughes data.
- Analyst Insight
Canadian Rig Counts: Six Rigs Dropped in Western Canada
In Western Canada the gas-directed rig count dropped by 2 to 63 rigs, while the oil-directed rig count fell by 4 to 143 rigs, for the week ended August 28, according to Baker Hughes data.
- 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.
