Drilling Forecast
The current CAOEC 2023 Drilling Forecast was released on November 23, 2022.
DOWNLOAD THE STATE OF THE INDUSTRY REPORT AND 2023 FORECAST (November 2022)
2023 Forecast: Total Wells (Western Canada): 6,409
Q1 2023
|
Q2 2023
|
Q3 2023
|
Q4 2023
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Average 2023Active Rigs = 193 |
|
Operating Days & Wells Completed
Time Period |
Operating Days |
Wells Drilled |
2020 Actual |
29,790 |
3,293 |
2021 Actual |
43,840 |
4,638 |
2022 Actual + Forecast |
61,404 |
5,582 |
2023 Forecast |
70,495 |
6,409 |
2022 vs. 2023 |
9,091 |
826 |
Impact on Employment
|
Active Rigs |
Direct Jobs |
Indirect Jobs |
Total Jobs |
Jobs per Rig |
20* |
200* |
220 |
|
2020 Actual |
81 |
1,628 |
16,283 |
17,911 |
2021 Actual |
119 |
2,385 |
23,850 |
26,235 |
2022 Actual + Forecast |
168 |
3,356 |
33,557 |
36,913 |
2023 Forecast |
193 |
3,850 |
38,500 |
42,350 |
2022 vs. 2023 |
25 |
494 |
4,943 |
5,437 |
*Source CAOEC