Canadian rig count surges to pre-pandemic level
The number of drilling rigs active in Canada surged this week to a level not seen since before the onset of the Covid-19 pandemic in March 2020, Baker Hughes said January 21 in its weekly North American rig survey.
Drillers added 13 rigs to the active oil fleet and eight to the active gas fleet, bringing the national total of active rigs to 212 – 134 drilling for oil and 78 for natural gas. It was the highest count since 240 active rigs were reported in the week ended February 28, 2020, two weeks before the World Health Organisation declared the global pandemic.
The bulk of the additions were reported in Alberta, where the active count rose to 161 from 139 in the week ended January 14. BC added one, while two were idled in Saskatchewan.
In the US, the active count increased by three to 604, with four gas rigs added and one oil rig idled, Baker Hughes said.