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Canada’s weekly rig count at 174

March 18, 20224:05 PM CAOEC

Drilling rig in winter with pump jacks in background.

Canada averaged 174 active drilling rigs this week according to data from the Canadian Association of Energy Contractors.

Of those rigs, 28% are drilling for natural gas, 59% are drilling for oil, 4% for other (helium, hydrogen, geothermal, or potash), and 9% are moving.

Precision Drilling holds the majority of the Canadian market share with 33%, Ensign Drilling with 23%, Savanna Drilling with 11%, Horizon Drilling with 6%, Akita Drilling with 5%, and Bonanza Drilling with 5%.

View a full breakdown of Western Canada’s rig activity.

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