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).
Alberta lost four gas rigs while B.C. dropped one gas rig (see table below).
Saskatchewan gained one oil rig (see table below).
