In Western Canada the gas-directed rig count was unchanged at 65 rigs, while the oil-directed rig count was up 1 to 147 rigs, for the week ended August 21, according to Baker Hughes data. The gas-directed rig count is 8 higher than at this time last year, and near the five-year average for this time of year (see left chart below), while the oil-directed rig count is 23 higher than at this time last year, and in line with the prior five-year high for this time of year set in 2024 (see right chart below).
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- 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 - Oil Down, Gas Flat, as Spring Break-Up Approaches
For the week ending March 13th, 2026, Baker Hughes reported that the Western Canadian gas-directed rig count was unchanged week-over-week at 65, while the Western Canadian oil-directed rig count fell by 9 week-over-week to 129 active rigs.
- Analyst Insight
Canadian Rig Counts - Oil Rigs Up 4, Gas Rigs Flat
In Western Canada the gas-directed rig count was unchanged at 65 active rigs, while the oil-directed rig count rose by 4 to 146 rigs, for the week ended August 14, according to Baker Hughes data.
