About Heavy duty canadian drilling rig count
The rig count recovered slightly in 2017 and 2018 before reaching a low of 44 in the 2020 pandemic year. It has since recovered to 130 rigs in Q1 2024. Horizontal drilling has been the primary focus as it results in higher well productivity and recoverable oil per well.
The rig count recovered slightly in 2017 and 2018 before reaching a low of 44 in the 2020 pandemic year. It has since recovered to 130 rigs in Q1 2024. Horizontal drilling has been the primary focus as it results in higher well productivity and recoverable oil per well.
The total annual rig count dropped from a high of 250 in 2012 to just 59 in 2016. The rig count recovered slightly in 2017 and 2018 before reaching a low of 44 in the 2020 pandemic year. It has since recovered to 130 rigs in Q1 2024. Horizontal drilling has been the primary focus as it results in.
CAOEC works with members to build a record of rig activity data. We produce daily, weekly and monthly rig counts for members, and publish weekly and monthly rig counts for the public. CAOEC Members are required to enter daily (Drilling Members) and monthly (Drilling and Service Rig Members) as a.
The Drilling Rigs Activity Reports are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active, they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in.
Last year on 28 June there were 84 rigs drilling for oil in Canada; one year later on 26 June 2020, there were only 4 rigs drilling for oil. This is the lowest number since at least 1998 when separate data for oil drilling and gas drilling first became available. More recently, on 10 July 2020.
For the week of July 25, Baker Hughes reported that the Western Canadian gas-directed rig count rose two to 54 (blue line and text in left hand chart below), 13 less than one year ago and the lowest for this time of year since 2021. 2025 Master Class Series - Registration Now Open! Receive the Free.
Canada’s rig activity has dramatically increased, reflecting the country’s robust energy sector as it prepares for winter drilling season. Meanwhile, U.S. and international rig counts remain steady, maintaining overall stability in the global market. The U.S. rig count experienced a slight decline.
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