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).
The two gas rigs dropped were in the Alberta Foothills Front region (see table below).
Three of the six oil rigs dropped were in the Northeast Alberta region (see table below), where the rig count still remains well above prior five-year seasonal highs.
