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. The gas rig count is 7 higher than at this time last year, and near the prior five-year average for this time of year (see left chart below), while the oil rig count is 22 higher than at this time last year, and 6 below the prior five-year high for this time of year (see right chart below).
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- Analyst Insight
Canadian Rig Counts: One Gas Rig Added, Seven Oil Rigs Dropped This Week
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.
- Analyst Insight
Canadian Rig Counts: Down Five Ahead of Long Weekend
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.
- 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.
