Canada’s rig count dropped by 2 to 345 rigs this week. Rig activity is still strong versus one year ago when only 242 were working.
Of the active fleet 197 are drilling for oil and 146 for gas.
United States rig count has been steadily climbing since last June. Most recent count has 729 active drilling rigs. up 17 from last week and 326 from last June’s low.
Canada rig counts are still substantially lower than 3 years ago, when 600 rigs were steadily active through the drilling season.