CAOEC

The Canadian Association of Energy Contractors (CAOEC) announces the release of the 2023/24 Drilling and Service Rig Forecast and the 2023 State of the Industry Report. Projected 2024 wells drilled: 6,229 – an increase of 481 from 2023 (5,748)  Projected 2024 drilling operating days: 65,399 – an increase of 5,046 from 2023 (60,353) Projected 2024 service operating hours: 1,075,220 – an increase of 77,696 from 2023 (997,524) Total jobs expected: 39,435 – an increase of 3,045 from [Read more]

Canada averaged 108 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 46% are drilling for natural gas, 41% are drilling for oil, 2% for other (helium, hydrogen, geothermal, lithium, or potash), and 11% are moving. Drilling activity by province is 77% in Alberta, 20% in BC, 2% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 38%, Ensign Drilling with 23%, Savanna [Read more]

Canada averaged 115 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 47% are drilling for natural gas, 38% are drilling for oil, 2% for other (helium, hydrogen, geothermal, lithium, or potash), and 13% are moving. Drilling activity by province is 78% in Alberta, 19% in BC, 2% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 35%, Ensign Drilling with 22%, Savanna [Read more]

Canada averaged 117 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 47% are drilling for natural gas, 38% are drilling for oil, 3% for other (helium, hydrogen, geothermal, lithium, or potash), and 12% are moving. Drilling activity by province is 78% in Alberta, 19% in BC, 2% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 35%, Ensign Drilling with 22%, Savanna [Read more]

Canada averaged 140 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 45% are drilling for natural gas, 41% are drilling for oil, 3% for other (helium, hydrogen, geothermal, lithium, or potash), and 11% are moving. Drilling activity by province is 81% in Alberta, 17% in BC, 1% in Saskatchewan, and 1% elsewhere. Precision Drilling holds the majority of the Canadian market share with 35%, Ensign Drilling with 22%, Savanna [Read more]

Canada averaged 193 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 34% are drilling for natural gas, 35% are drilling for oil, 5% for other (helium, hydrogen, geothermal, lithium, or potash), and 26% are moving. Drilling activity by province is 80% in Alberta, 6% in Saskatchewan, 13% in BC, and 1% in Manitoba. Precision Drilling holds the majority of the Canadian market share with 34%, Ensign Drilling with 21%, Savanna [Read more]

Canada averaged 242 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 32% are drilling for natural gas, 39% are drilling for oil, 7% for other (helium, hydrogen, geothermal, lithium, or potash), and 22% are moving. Drilling activity by province is 75% in Alberta, 13% in Saskatchewan, 9% in BC, and 3% in Manitoba. Precision Drilling holds the majority of the Canadian market share with 30%, Ensign Drilling with 21%, Savanna [Read more]

Canada averaged 248 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 30% are drilling for natural gas, 49% are drilling for oil, 7% for other (helium, hydrogen, geothermal, lithium, or potash), and 14% are moving. Drilling activity by province is 75% in Alberta, 14% in Saskatchewan, 9% in BC, and 2% in Manitoba. Precision Drilling holds the majority of the Canadian market share with 30%, Ensign Drilling with 21%, Savanna [Read more]

Canada averaged 248 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 32% are drilling for natural gas, 52% are drilling for oil, 6% for other (helium, hydrogen, geothermal, lithium, or potash), and 10% are moving. Drilling activity by province is 76% in Alberta, 15% in Saskatchewan, 8% in BC, and 1% in Manitoba. Precision Drilling holds the majority of the Canadian market share with 30%, Ensign Drilling with 20%, Savanna [Read more]

Canada averaged 247 active drilling rigs this week according to data from the Canadian Association of Energy Contractors. Of those rigs, 30% are drilling for natural gas, 52% are drilling for oil, 6% for other (helium, hydrogen, geothermal, lithium, or potash), and 12% are moving. Drilling activity by province is 78% in Alberta, 12% in Saskatchewan, 8% in BC, and 2% in Manitoba. Precision Drilling holds the majority of the Canadian market share with 30%, Ensign Drilling with 22%, Savanna [Read more]