Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 82 actively drilling according to data collected by Baker Hughes for the week of May 5.
Drilling activity is starting to slow down, but still very active in comparison to last year’s count.
Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick up again.
From one week ago, Alberta has seen a decrease in activity from 68 to 65 active rigs, Saskatchewan interestingly added rigs – current count at 2 which is the same as last week.
Oil drilling rose to 27 rigs from 24; gas rigs decrease to 55 from 61.