Canada rig count down by 3 to 147, continues to lag behind last year’s total

Canada’s fleet of active drilling rigs decreased by 3 from last week according to data from Baker Hughes.

Total drilling count was 147 at September 6. 102 rigs were drilling for oil; 45 for natural gas.

Counts are still  below the total  activity levels from one year ago, when 204 rigs were working. Both oil and gas drilling are down considerably from last years counts by 31 and 26 respectively.

Historically, drilling activity levels are steadily active from summer until the end of the year. The first quarter of each year sees the highest levels of activity.