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 |
Q2 2022 (F)Active Rigs = 115 |
Q3 2022 (F)Active Rigs = 185 |
Q4 2022 (F)Active Rigs = 200 |
Average 2022Active Rigs = 161 |
|
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).