​Canadian rig counts on the rise again

Image: Seven Generations Energy

One hundred drilling rigs were active in Western Canada on Thursday afternoon, according to Rig Locator, up from 89 rigs at the close of last week.

The 100 rigs represent an activity rate of 16 per cent, up from 14 per cent active last week. It was the first time since April 25 that the 100-rig threshold has been reached.

During the same week a year ago, 47 rigs were active (seven per cent active rate).

With a dozen rigs at work, Seven Generations Energy Ltd. was the busiest operator on Thursday.

Tourmaline Oil Corp. and Encana Corporation each had six rigs at work.

Active rigs on the Rig Locator website are defined as rigs that are drilling, rigging up or moving. (Note: This data differs from the rig counts tracked by the Canadian Association of Oilwell Drilling Contractors, which bases its utilization rates on whether rigs are drilling, which it defines as spud to rig release, or down).