Current Drilling Forecast

The current CAODC 2018 Drilling Forecast was released on November, 2017. Read the Press Release here.

The 2018 State of the Industry Report was released on November 21, 2017.


2018 Forecast: Total Wells (Western Canada): 6,138*


Q1 2018

Active Rigs = 265
Fleet = 620
Utilization = 43%
Op Days** = 22,845

Q2 2018

Active Rigs = 113
Fleet = 615
Utilization = 18%
Op Days** = 10,361

Q3 2018

Active Rigs = 195
Fleet = 615
Utilization = 32%
Op Days** = 17,758

Q4 2018

Active Rigs = 225
Fleet = 615
Utilization = 37%
Op Days** = 19,623


Average 2018

Active Rigs = 200
Fleet = 616
Utilization = 32%
Op Days** = 70,587

Assumptions

* Actual  ** Calculation based on spud to rig release
WTI = $52.50/bbl (USD)
AECO = $2.35/mcf (CND)
11.5 days/well


Operating Days & Wells Completed

Time Period

Operating Days

Wells Drilled

2015 Actual

64,809

6,199

2016 Actual

43,184

4,627

2017 Actual

69,353

6,031

2018 Forecast

70,587

6,138

2015 vs. 2018

5,788 or 8.9%

- 61 or (1%)

2017 vs. 2018

1,234 or 1.8%

107 or 1.8%


Impact on Employment

Active Rigs

Direct Jobs

Indirect Jobs

Total Jobs

Jobs per Rig

21*

124*

145

2015 Actual

184

3,864

22,816

26,680

2016 Actual

112

2,357

13,919

16,276

2017 Actual

194

4,074

24,056

28,130

2018 Forecast

200

4,190

24,738

28,928

2015 vs. 2018

16

326

1,922

2,248

2017 vs. 2018

6

116

682

798

 
*Sources: 21 direct jobs per rig (CAODC); 124 indirect jobs per rig (PSAC & Alberta Oil)