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January 2021 ended with 154 new wells spud in Canada as compared to 1124 wells spud in January 2020. This is a remarkably depressing performance on the part of Canadian drillers and needs to be analyzed. Whitecap Resources Inc. was the top driller in January 2021 with 23 wells followed by Crescent Point Energy Corp. with 21 wells. Month-wise Comparison of Wells Spud in WCSB Out of the 154 wells spud in 2021 more than 82% were located in Saskatchewan province and 18% were located in Alberta. No new wells were spud in Manitoba and British Columbia in 2021 as of date. Province Wise Comparison of Wells Spud in WCSB for January 2020 Canadian Association of Oilwell Drilling Contractors reported 184 active drilling rigs during last week. Out of reported 184 active drilling rigs 106 were mobilized to drill for oil, 72 for natural gas and 6 for other. Drilling activity was reported province-wise as 124 in Alberta, 35 in Saskatchewan, 14 in British Columbia, 3 in Manitoba, and 8 in other. If active drilling rigs are compared with number of wells spud in January, it can be safely said that February 2021 will see at least 14 wells […]
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