In Western Canada the active gas-directed rig count fell by five rigs to 65 rigs, more than reversing the prior week’s gain of four rigs, while the oil-directed rig count rose for the third straight week, inching up by one to 148 rigs, for the week ended October 16, according to Baker Hughes data. The gas rig count is two higher than at this time last year, and three below the prior five-year average for this time of year (see left chart below). The oil rig count is 20 higher than at this time last year, and four below the prior five-year high for this time of year (see right chart below).
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- Analyst Insight
Canadian Rig Counts: Oil Rigs Gain Two, Gas Rigs Unchanged
In Western Canada the active gas-directed rig count was unchanged at 65 rigs, while the oil-directed rig count rose for the fourth straight week, inching up by two to 150 rigs, for the week ended October 23, according to Baker Hughes data.
- Analyst Insight
Canadian Rig Counts: Gas Rigs Gain Four, Oil Rigs Flat
In Western Canada the active gas-directed rig count rose by four for the second straight week, to 70 rigs, while the oil-directed rig count was unchanged at 147 rigs, for the week ended October 9, according to Baker Hughes data.
- Analyst Insight
Canadian Rig Counts: Five Rigs Added This Week
In Western Canada the active gas-directed rig count rose by three to 68 rigs, while the active oil-directed rig count rose for the fifth straight week, gaining two to 152 rigs, for the week ended October 30, according to Baker Hughes data.
