Canada Rig Count Report Summary
Canada Rig Count Report Nov 5, 2021 we are tracking 82 Oil & Gas Operators and 180 drilling rigs that spud wells last 30 days in Alberta, BC and Saskatchewan. (Data Source – Western Canada Drilling Rig Report Nov 5, 2021)
- Top Oil & Gas Operators by drilling rig count: ARC Resources Ltd (7), OVINTIV CANADA ULC (5), Tourmaline Oil Corp (9), CNRL (6), Cenovus Energy Inc. (15), Baytex (4), Spur (5)
- Province by drilling rig count: Alberta (130), BC (10), Sask (40)
- Top District by Drilling Rig; Grande Prairie (38 rigs), BC (10 rigs), Bonnyville (11 rigs), St Albert (12 rigs), Drayton Valley (20 rigs), Red Deer (16 rigs), Kindersley (11 rigs), Lloydminster (14 rigs), Medicine Hat (5 rigs), Estevan (101rigs), Wainwright (11 rigs)
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Canada Rig Count Details
The Western Canada Drilling Rig report date is Oct 29, 2021. 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.” (Data Source – Canada Rig Count Report Nov 5, 2021)
Drilling Rigs that Spud Wells Last 30 Days in Western Canada
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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. The graph below shows support for the growth of drilling wells in the Mid Continent. (Data Source – Canada Rig Count Report Nov 5, 2021)
Western Canada New Rigs & Operators
The table below is a summary of the drilling rigs that spud wells in Western Canada last week for the first time since July 2021.
New Rigs Added
First Wells Spud by Operator
About the Rig Report
The location of the drilling is the Western Canada Sedimentary Basin (WCSB) located in Western Canada including southwestern Manitoba, southern Saskatchewan, Alberta, northeastern British Columbia.
Spudding is the process of 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.” (Data Source – Canada Rig Count Report Nov 5, 2021)
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