Drilling in western Canada is at highest since close to one year ago, new data from Baker Hughes shows.
With an increase in drilling activity, positive news with regard to several Canadian pipeline projects, and a recent rebound in price, things are starting to look rosier in the oil patch.
According to Baker Hughes, 345 rigs are drilling in western Canada. The highest total since February 2015. Of the working fleet, 200 are drilling for oil; 145 for gas. Alberta activity has increased drastically year over year. Current count is 249–up from 152 one year ago.