Rig activity comes off its peak from earlier this week

Seven Generations' activity in the Montney. Image: Carter Haydu, JWN

The active rig count in Western Canada has fallen over the past few days after peaking at 164 last Friday and on Monday.

According to Rig Locator, there were 146 active rigs in Western Canada on Thursday afternoon, representing a total activity rate of 23 per cent. At the end of last week, 26 per cent of the fleet was working.

Today’s rate is still far ahead of the rate a year ago.

During the same week in 2016, only 74 rigs were working (11 per cent active rate).

Crescent Point Energy Corp. had 15 active rigs Thursday afternoon, to lead the pack, followed by Seven Generations Energy Ltd. with 11.

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.)