Current Drilling Forecast
The current CAODC 2019 Drilling Forecast was released on November, 2018. Read the Press Release here.
The 2019 State of the Industry Report was released on November 22, 2018.
2019 Forecast: Total Wells (Western Canada): 6,962*
Q1 2019Active Rigs = 280 |
Q2 2019Active Rigs = 118 |
Q3 2019Active Rigs = 185 |
Q4 2019Active Rigs = 220 |
Average 2019Active Rigs = 201 |
Assumptions* Actual ** Calculation based on spud to rig release |
Operating Days & Wells Completed
Time Period |
Operating Days |
Wells Drilled |
2016 Actual |
43,184 |
4,627 |
2017 Actual |
69,353 |
6,031 |
2018 Actual + Q4 Forecast |
69,110 |
6,911 |
2019 Forecast |
69,617 |
6,962 |
2018 vs. 2019 |
508 or 0.7% |
51 or 0.7% |
Impact on Employment
|
Active Rigs |
Direct Jobs |
Indirect Jobs |
Total Jobs |
Jobs per Rig |
21* |
124* |
145 |
|
2016 Actual |
112 |
2,357 |
13,919 |
16,276 |
2017 Actual |
194 |
4,074 |
24,056 |
28,130 |
2018 Actual + Forecast |
207 |
4,342 |
25,637 |
29,979 |
2019 Forecast |
201 |
4,216 |
24,893 |
29,109 |
2018 vs. 2019 |
-6 |
-126 |
-744 |
-870 |
*Sources: 21 direct jobs per rig (CAODC); 124 indirect jobs per rig (PSAC & Alberta Oil)