Current Drilling Forecast


The current CAOEC 2022 Drilling Forecast was released on May 10, 2022.

DOWNLOAD THE STATE OF THE INDUSTRY REPORT AND 2022 FORECAST (November 2021)



2022 Forecast: Total Wells (Western Canada): 6,902*


Q1 2022 (A)

Active Rigs = 180
Fleet = 463
Op Days** = 16,186

Q2 2022 (F)

Active Rigs = 115
Fleet = 461
Op Days** = 10,405

Q3 2022 (F)

Active Rigs = 185
Fleet = 460
Op Days** = 16,996

Q4 2022 (F)

Active Rigs = 200
Fleet = 460
Op Days** = 18,534

Average 2022

Active Rigs = 161
Fleet = 170
Op Days** = 62,121


Assumptions

* Actual  ** Calculation based on spud to rig release
WTI = $97.96/bbl (USD)
AECO = $2.99/gj (CND)
9 days/well


Operating Days & Wells Completed

Time Period

Operating Days

Wells Drilled

2019 Actual

45,428

5,545

2020 Actual

29,790

3,293

2021 Actual

43,842

4,648

2022 Forecast

62,121

6,902

2021 vs. 2022

18,279

2,254


Impact on Employment

Active Rigs

Direct Jobs

Indirect Jobs

Total Jobs

Jobs per Rig

20*

200*

220

2019 Actual

122

2,422

24,421

26,864

2020 Actual

81

1,628

16,283

17,911

2021 Actual

120

2,391

23,905

26,296

2022 Forecast

170

3,401

34,008

37,409

2021 vs. 2022

51

1,010

10,103

11,113

 
*Source CAOEC: 20 direct jobs per rig, 200 indirect jobs per rig (PSAC).