Forecast
The current CAOEC 2023/24 Drilling and Service Rig Forecast was released on November 24, 2023.
Download the 2023 State of the Industry Report and 2024 Forecast (November 2023)
2024 Service Rig Forecast
Q1Working Rigs = 515 |
Q2Working Rigs = 430 |
Q3Working Rigs = 480 |
Q4Working Rigs = 500 |
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2024 Drilling Rig Forecast
Total Wells (Western Canada): 6,229
Q1Active Rigs = 210 |
Q2Active Rigs = 115 |
Q3Active Rigs = 187 |
Q4Active Rigs = 205 |
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Operating Days & Wells Completed
Time Period |
Operating Days |
Wells Drilled |
2021 Actual |
43.840 |
4,638 |
2022 Actual |
58,833 |
5,723 |
2023 Actual + Forecast |
60,353 |
5,748 |
2024 Forecast |
65,399 |
6,229 |
2024 Forecast vs. 2023 |
5,046 |
481 |
Impact on Employment
|
Active Rigs |
Direct Jobs |
Indirect Jobs |
Total Jobs |
Jobs per Rig |
20* |
200* |
220* |
|
2021 Actual |
119 |
2,385 |
23,850 |
26,235 |
2022 Actual |
161 |
3,229 |
32,291 |
35,521 |
2023 Actual + Forecast |
165 |
3,308 |
33,082 |
36,390 |
2024 Forecast |
179 |
3,585 |
35,850 |
39,435 |
2024 Forecast vs. 2023 |
14 |
277 |
2,768 |
3,045 |
*Source CAOEC