Canada Rig Count Report Aug 23rd, 2023

Canada Rig Count Report Summary

Canada Rig Count Report July 23, 2023 we are tracking 87 Oil & Gas Operators and 193 drilling rigs that spud wells last 30 days in Alberta, BC and Saskatchewan.

  • Top Oil & Gas Operators by drilling rig count: ARC Resources Ltd (5), CNRL (7), Tourmaline Oil Corp (9), Cenovus (14), Whitecap (12), Tamarack Valley Energy Ltd (6), Strathcona Resources, Ltd. (6), Baytex (7)
  • Province by drilling rig count: Alberta (141), BC (8), SK (44)
  • Top District by Drilling Rig; Grande Prairie (35 rigs), BC (8 rigs), Bonnyville (25 rigs), Drayton Valley (19 rigs), Red Deer (14 rigs), Kindersley (16 rigs), Lloydminster (6 rigs), Medicine Hat (3 rigs), Estevan (17 rigs), Wainwright (9 rigs), Edmonton (0 rigs), ST. ALBERT (32)

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Western Canada Rig Report

Western Canada Wells Spud Last 30 Days

Canada Rig Count Details

Spudding is the process of a drilling rig beginning to drill a well in the oil and gas industry. … After the surface hole is completed, the main drill bit—which performs the task of drilling to the total depth—is inserted and this process can also be referred to as “spudding in.”

Drilling Rigs that Spud Wells Last 30 Days in Western Canada

Western Canada Wells Spud Average

The most common applications of moving averages are to identify trend direction and to determine support and resistance levels. When asset prices cross over their moving averages.

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