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- Weekly Rig Activity as of 3/15/24
Rig Activity Map, Current Week ending 3/15/24
Baker Hughes Rig Count
Current week total rig activity was at 207 rigs, down from 225 rigs the previous week (-8% WoW).
Rig adds by region are in Central AB (+2)
Rig reductions by region are in NW AB (-5), Foothills (-1), East-Central AB (-1), NE AB (-5) SW SK (-4) and East SK (-4).
Rig Count by E&P
Rig activity among the Companies Mentioned totals ninety-nine (99) rigs for the week ending 3/15/24.
Rig count leaders by E&P include TOU (11) and CVE (10), followed by CNQ (9), ARX (7) and CPG (6).
Among US-based E&Ps operating in Canada, both COP and OVV maintained four (4) rigs followed by MUR (2).
Companies Mentioned
Tourmaline Oil Corp. (TOU) | Canadian Natural Resources Limited (CNQ) |
Cenovus Energy Inc. (CVE) | ARC Resources Ltd. (ARX) |
Baytex Energy Ltd. (BTE) | Crescent Point Energy Corp. (CPG) |
Peyto Exploration & Development Corp. (PEY) | Tamarack Valley Energy Ltd. (TVE) |
Whitecap Resources (WCP) | Paramount Resources Ltd. (POU) |
Birchcliff Energy Ltd. (BIR) | Vermilion Energy Inc. (VET) |
NuVista Energy Ltd. (NVA) | Suncor Energy Inc. (SU) |
MEG Energy Corp. (MEG) | Imperial Oil Resources Limited (IMO) |
Athabasca Oil Corporation (ATH) | ConocoPhillips Canada Resources Corp. (COP) |
Ovintiv Canada Ulc (OVV) | Murphy Oil Corp (MUR) |
Disclaimer: All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Patrick Enwright accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Patrick Enwright makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained.
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