Canadian Drilling Activity: Week Ending September 13, 2019
Canada rig count this week was 134, which mirrors 2016 when oil prices were ($38 bbl), which is down from last year (184).
Completion Activity is not far behind. We are seeing similar slow-down as well.
More Weekly Rig Count News

Rig Activity By Operator, County, Well: Week Ending August 27, 2021
The US rig count continues to grow, up +6 this week. The main movements were observed in the Bakken, +3 Permian +3 Powder River +3 Uinta +1 Click…

Rig Activity By Operator, County, Well: Week Ending July 23, 2021
The US rig count continues to grow, up +1 this week. The main movements were observed in the Bakken, +2 and the Utica up +2. Click on the…

Rig Activity By Operator, County, Well: Week Ending July 2, 2021
This week we did not observe much change in the U.S. rig count - click on the image below to enlarge for rig count by basin. As a…

Rig Activity By Operator, County, Well : Week Ending June 11, 2021
This week we did not observe much changes in the U.S. rig count. Click on the image below to enlarge for rig count by Basin. As a reminder,…

Rig Activity By Operator: Week Ending April 16, 2021
This week operators dropped another -9 rigs across the core basins. Lets take a look at the activity by basin. The Permian lost 4 rigs and the Haynesville…
Canada News

Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…

Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…

EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…

Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…

ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
