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Canada’s weekly rig count at 205

August 12, 2022 3:15 PM
CAOEC

Canada averaged 205 active drilling rigs this week according to data from the Canadian Association of Energy Contractors.

Of those rigs, 29% are drilling for natural gas, 55% are drilling for oil, 5% for other (helium, hydrogen, geothermal, lithium, or potash), and 11% are moving. Drilling activity by province is 71% in Alberta, 19% in Saskatchewan, 2% in BC, and 8% elsewhere.

Precision Drilling holds the majority of the Canadian market share with 29%, Ensign Drilling with 24%, Savanna Drilling with 13%, Horizon with 6%, and Stampede Drilling with 6%.

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

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