Canada averaged 211 active drilling rigs this week according to data from the Canadian Association of Energy Contractors.
Of those rigs, 30% are drilling for natural gas, 56% are drilling for oil, 4% for other (helium, hydrogen, geothermal, lithium, or potash), and 10% are moving. Drilling activity by province is 72% in Alberta, 19% in Saskatchewan, 6% in BC, 2% in Manitoba, and 1% elsewhere.
Precision Drilling holds the majority of the Canadian market share with 30%, Ensign Drilling with 24%, Savanna Drilling with 12%, Horizon with 6%, and Stampede Drilling with 5%.
https://boereport.com/caodc-rig-count/” target=”_blank” rel=”noopener”>View a full breakdown of Western Canada’s rig activity.
https://boereport.com/2022/08/26/canadas-weekly-rig-count-up-5-to-211/”>