Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 85 actively drilling according to data collected by Baker Hughes for the week of May 19.
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 rig counts dropped from 69 to now 66 active rigs, Saskatchewan interestingly added rigs – current count at 8 which is up 6 from last week.
Oil drilling rose to 36 rigs from 29; gas rigs decrease to 49 from 51.