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A parade of drilling rigs moved across the border to work in the United States last decade as the Canadian oilpatch struggled through a prolonged slump, but the traffic is beginning to reverse direction. Ensign Energy Services recently relocated one of its larger rigs from the U.S. to Canada at the behest of a customer, while Total Energy Services reported this week it brought a drilling rigs back into Western Canada from Texas in recent weeks. Precision Drilling Corp., another Calgary-based company that also operates in both countries, previously moved two of its high-performance rigs into Canada and it’s eyeing more heading north of the 49th parallel. “We have the potential to move anywhere from one to maybe three or four more rigs back up into Canada, if the U.S. market weakens and if Canada were to further strengthen,” Precision Drilling CEO Kevin Neveu said Thursday, after the company’s annual general meeting. On Friday, Total Energy CEO Dan Halyk said the company is currently retrofitting a drilling rig from the U.S. that was contracted by a customer on a take-or-pay basis. It’s expected to begin operating in mid-June. “The flip side is that five years ago, or three years […]
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