In Western Canada, the gas-directed rig count rose by one to 58 rigs, while the oil-directed rig count dropped by seven to 127 rigs, for the week ended July 2, according to Baker Hughes data. The gas-directed rig count is 12 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 34 higher than at this time last year, and 14 higher than the prior five-year high for this time of year (see right chart below).
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- 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.
- Analyst Insight
Canadian Rig Count: Oil Rigs Up Eight, Gas Rigs Down Two
In Western Canada, the gas-directed rig count fell from 58 to 56 rigs, while the oil-directed rig count gained eight to 127 rigs, for the week ended June 18, according to Baker Hughes data.
- Analyst Insight
Canadian Rig Counts: Seven Oil Rigs and One Gas Rig Added
In Western Canada, the gas-directed rig count rose by one to 57 rigs, while the oil-directed rig count gained seven to 134 rigs, for the week ended June 26, according to Baker Hughes data.
