Any life back in the Alberta oilpatch yet?

[Maverick29]

Usually after May long, or until Stampede is over, things should pick up . Usually how she goes... I know a few rigs firing up July 13

[blackpheasant]

Originally Posted by DiabeticKripple

canada rig count is at 75 i think

As of May 22nd:

72 rigs working in Canada vs 154 rigs working this time last year
44 in AB
17 in BC
11 in Sask

885 rigs working in USA vs 1857 rigs working this time last year

Top Drilling Rig Operators

Drilling Rig Operator Spud Count
SHELL CANADA LIMITED 6
PEYTO EXPLORATION & DEVELOPMENT CORP. 5
ENCANA FCCL OIL SANDS LTD. 2
WILD RIVER RESOURCES LTD. 1
Venturion Oil Limited 1
TALISMAN ENERGY INC. 1
SUNCOR ENERGY INC. 1
SPUR RESOURCES LTD. 1
REGAL ENERGY LTD. 1
RAGING RIVER EXPLORATION INC. 1
Pembina NGL Corporation 1
HUSKY OIL OPERATIONS LIMITED 1
ENCANA CORPORATION 1
DEETHREE EXPLORATION LTD. 1
Cardinal Energy Ltd. 1
BIRCHCLIFF ENERGY LTD. 1

Top Drilling Rig Contractors

Drilling Rig Contractor Spud Count
AKITA DRILLING LTD. 6
PRECISION DRILLING CORPORATION 5
CANELSON DRILLING INC. 4
Sirius Well Manufacturing Services Canada Ltd. 3
SAVANNA DRILLING 2
TRINIDAD DRILLING LTD. 1
TEMPCO DRILLING COMPANY INC. 1
Savanna Drilling Corp. 1
JOMAX DRILLING (1988) LIMITED 1
Horizon Drilling Inc. 1
BONANZA DRILLING INC. 1

Top Terminating Zones

Terminating Zone Substance Spud Count
BLUESKY FM CRUDE BITUMEN 5
FALHER MBR GAS 2
MCMURRAY FM WATER 2
VIKING FM CRUDE OIL 2
BAKKEN FM CRUDE OIL 1
COLONY MBR CRUDE BITUMEN 1
DUVERNAY FM GAS 1
EASTBROOK U SHAUNAVON OIL 1
GLAUCONITIC SS CRUDE OIL 1
LLOYDMINSTER MBR CRUDE OIL 1
LOTSBERG FM LPG 1
MCMURRAY FM CRUDE BITUMEN 1
MONTNEY FM GAS 1
NOTIKEWIN MBR GAS 1
UPPER MANNVILLE FM GAS 1
VIKING OIL 1
WILRICH MBR GAS 1

[Sundancefisher]

This out on the DOB this morning.

On Friday, there were 90 active rigs (defined as rigs that are drilling, rigging up or moving), up from 84 active rigs on Thursday afternoon, as reported by Rig Locator. There were 664 rigs down on Friday, for an overall activity rate of 12 per cent.
For the same week a year ago, activity levels were at 20 per cent.

I think part of the rise for this week is standard post break up activity.

[carrera997]

Originally Posted by Trochu

Are you a geotech?

No, actually a mechanical engineer, but work-wise, we supply construction materials.

Looking back, I sometimes kinda wish I went the civil or petroleum engineering route (until times like this when the patch gets decimated). Coulda, woulda, shoulda.

Chins up, and be optimistic!

[Big Grey Wolf]

Guys, lets examin the facts. Western Select the Alberta bench mark heavy crude blend is up 75% in last 2 months. A WTI of $60 US is $75 Canadian.
If a company cannot make money with $75 a barrel oil it should pack up and go home as their input costa are way down probably 20% as result of service companies reducing rates. Talisman were delaying well on our trapline until 2016 now going ahead this fall. So is glass half full or half empty!

[benamen]

Talked to the owner of one company in Lloydminster yesterday. At peak he said he had 70 employees. Down to 20 and looks like there may be more layoffs soon.

[hayseed]

Originally Posted by dale7637

Who is the Nabors rig headed out for?
I'm assuming 7 gens?

NuVista

[fish_e_o]

Originally Posted by Big Grey Wolf

If a company cannot make money with $75 a barrel oil it should pack up and go home

they're probably making money just not spending it

[JustMe]

If they're not making it from crude, they sure are from selling gasoline and diesel!!! Have to maintain that profit margin, public be darned!

And never mind with the smoke and mirror reasons it so high... Anyone who'd believe that would vote PC, similar credibility.

Originally Posted by fish_e_o

they're probably making money just not spending it