Canada drilling rig day rates

Average operating costs per utilization day for drilling rigs in Canada increased to $16,712 compared with the prior year second quarter of $16,368. The increase in average costs was due to larger average crew formations with increased pad rig activity in the quarter. The company's average land rig day rate was $12,400, up 9% from second quarter 2004, and up 13% from a year earlier.

The company's average land rig day rate was $12,400, up 9% from second quarter 2004, and up 13% from a year earlier. Latest well count report for Q4 2019 shows current trends for last year with breakouts by regions, plays and basins. Plus, historical data for trend However, that began to change in October 2017, oddly enough in India when state oil giant ONGC awarded new multi-year contracts for eight jack-ups at day rates around $26,000. Given that the average jack-up fixture rate for India in 2016 was nearly $58,000, the rates established last year were puzzling, to say the least. The proliferation of these higher-cost rigs pulled the overall average day rate -- aggregated across all regions and all rig classes -- up to the record of $19,015 just before the downturn began. The inflation meant that AC rigs had the steepest decline of any rig power type but also the strongest recovery. Note: The rig day rate percentages take the lowest cost rig rate for horizontal drilling in Western Canada (see map below) as the base rate (0%). The actual rig costs involved, as well as the total measured depth and the number of days the rig is required are all provided in the PSAC Well Cost Study.

Note: The rig day rate percentages take the lowest cost rig rate for horizontal drilling in Western Canada (see map below) as the base rate (0%). The actual rig costs involved, as well as the total measured depth and the number of days the rig is required are all provided in the PSAC Well Cost Study.

CAODC works with members to build a record of rig activity data. We produce daily, weekly and monthly rig counts for members, and publish weekly and monthly rig counts for the public. CAODC Members are required to enter daily (Drilling Members) and monthly (Drilling and Service Rig Members) as a condition of membership. “We assume new contracts on ultra-deepwater rigs will be in the $200,000 to $225,000 per day range, on average, in 2019, increasing to about $250,000 per day in 2020, with some variation depending on the rig quality and location.” RigData publishes the most comprehensive and up-to-date information on drilling permits, drilling activity and drilling rig locations in the United States, Gulf of Mexico and Canada. Our rig data reports and dataset products include complete contact details for drillers and operators, legal descriptions of wells, driving directions to working Average operating costs per utilization day for drilling rigs in Canada increased to $16,712 compared with the prior year second quarter of $16,368. The increase in average costs was due to larger average crew formations with increased pad rig activity in the quarter. The company's average land rig day rate was $12,400, up 9% from second quarter 2004, and up 13% from a year earlier. Latest well count report for Q4 2019 shows current trends for last year with breakouts by regions, plays and basins. Plus, historical data for trend

CAODC works with members to build a record of rig activity data. We produce daily, weekly and monthly rig counts for members, and publish weekly and monthly rig counts for the public. CAODC Members are required to enter daily (Drilling Members) and monthly (Drilling and Service Rig Members) as a condition of membership.

The U.S. natural gas rig count dropped two units to 107 during the week ended Friday (March 13), while oil activity saw a small increase despite signals from  Oct 16, 2018 FILE PHOTO: A drilling rig is parked up in the Cromarty Firth near At the depths of a global slide that took oil below $27 a barrel in early 2016, daily rates from North Sea, Latin America and Canadian drilling evaporated.

Rig day rates are among more than 100 drilling and completion cost components for around 50 type wells across Canada included in the PSAC study. Combined, they deliver a comprehensive insight into drilling and completion costs faced by operators today. Click here to access the PSAC Well Cost Study.

The proliferation of these higher-cost rigs pulled the overall average day rate -- aggregated across all regions and all rig classes -- up to the record of $19,015 just before the downturn began. The inflation meant that AC rigs had the steepest decline of any rig power type but also the strongest recovery. Note: The rig day rate percentages take the lowest cost rig rate for horizontal drilling in Western Canada (see map below) as the base rate (0%). The actual rig costs involved, as well as the total measured depth and the number of days the rig is required are all provided in the PSAC Well Cost Study. “This shortage is now allowing drilling rig operators to increase both the day rates and term of contracts for their equipment as customers are looking to secure drilling rigs for the upcoming winter drilling season,” the company said. Ensign also believes that business fundamentals will improve. Baker Hughes Rig Count CAODC Drilling Rigs CAODC Service Rigs Drilling Rig Map Canada Rig Count Date AB BC SK MB Other Oil Gas Total The Rig Count tallies all

Aug 22, 2019 This statistic shows the utilization rates of drilling rigs in Canada from 1977 to Canada - oil production in thousand barrels per day 1998-2018.

Rig day rates are among more than 100 drilling and completion cost components for around 50 type wells across Canada included in the PSAC study. Combined, they deliver a comprehensive insight into drilling and completion costs faced by operators today. Click here to access the PSAC Well Cost Study. Updated monthly, the Offshore Rig Day Rate Trends report tracks competitive mobile offshore drilling fleet day rates and utilization across four representative rig categories. Constructed with information from rig operators and owners worldwide, offshore rig day rate data is the most accurate information of its type available from any source. CAODC works with members to build a record of rig activity data. We produce daily, weekly and monthly rig counts for members, and publish weekly and monthly rig counts for the public. CAODC Members are required to enter daily (Drilling Members) and monthly (Drilling and Service Rig Members) as a condition of membership. “We assume new contracts on ultra-deepwater rigs will be in the $200,000 to $225,000 per day range, on average, in 2019, increasing to about $250,000 per day in 2020, with some variation depending on the rig quality and location.” RigData publishes the most comprehensive and up-to-date information on drilling permits, drilling activity and drilling rig locations in the United States, Gulf of Mexico and Canada. Our rig data reports and dataset products include complete contact details for drillers and operators, legal descriptions of wells, driving directions to working Average operating costs per utilization day for drilling rigs in Canada increased to $16,712 compared with the prior year second quarter of $16,368. The increase in average costs was due to larger average crew formations with increased pad rig activity in the quarter.

Note: The rig day rate percentages take the lowest cost rig rate for horizontal drilling in Western Canada (see map below) as the base rate (0%). The actual rig costs involved, as well as the total measured depth and the number of days the rig is required are all provided in the PSAC Well Cost Study. Historical MODU Dayrates The graphs on this page are updated daily and provide a global overview of mobile offshore drilling unit dayrates and rig counts. Four rig dayrate graphs show ultra-deepwater (>7,499ft drillships and semisubs), deepwater (>4,000ft drillships and semisubs), midwater ( 4,000ft drillships and semisubs) and jackup dayrates The rig tables on this page are updated every two weeks and provide a global overview of mobile offshore drilling rig unit dayrates. The rig tables provide current minimum, maximum and average rig dayrates for drillships, semisubs, jackups and tender rigs. The data below focuses on the marketed rig fleet and excludes assets that are under World day rates for semisubmersible rigs in November reached 31.68% of computed replacement cost - 13.1 % higher than in October-while jack up day rates dropped by 2.6% to 38.43%. The information provided and much more data on the offshore rig fleet can be sourced via the IHS Markit proprietary offshore rigs information products, RigPoint and RigBase. For additional information, contact: Rig Support. View the Petrodata Offshore Rig Day Rate Trends Report. Data from the Federal Reserve Bank of Dallas recently turned negative for employment in the oil patch. The drop during July equates to approximately 1 Rig Activity, Oil & Gas Inventories, and Commodity Prices. Rig counts, drilling activity, oil and gas inventories and commodity prices in this week's issue of RADAR.