Alberta sees uptick in active rigs at week’s end

More rigs are heading back to work in Alberta this week, with 14 per cent of the fleet active on Thursday afternoon — a four-month high.

Rig Locator records show that 63 rigs were working in Alberta on Thursday, up from 60 on Wednesday.

That’s the highest number of active rigs in the province since March 8, 2016, when 66 rigs were active.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.)

Peyto Exploration & Development Corp. was the most active operator across the entire basin on Thursday afternoon, with eight active rigs, followed by Tourmaline Oil Corp. with seven.

Article courtesy of jwnenergy online July 8 2016