Canada’s fleet of active drilling rigs increased by 10 from last week according to data from Baker Hughes.
Total drilling count was 137 at August 2. 91 rigs were drilling for oil; 46 for natural gas.
Counts are still well below the activity levels from one year ago, when 223 rigs were working. Both oil and gas drilling are down considerably from last years counts by 61 and 25 respectively.
Historically, drilling activity levels are steadily active from summer until the end of the year. The first quarter of each year sees the highest levels of activity.