Rig activity continued to drop in Western Canada this week, with a weekly decline of 13 rigs as the typical spring slowdown takes hold.
As of Thursday afternoon, 105 rigs were at work across the basin (17 per cent of the fleet was active) compared to 118 the previous week (19 per cent) and 126 active rigs the previous week (22 per cent active rate).
Encana was the most active operator with 13 rigs at work, followed by Seven Generations with 11—identical to the close of last week.
Active rigs on Rig Locator 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).