It seems as though the oil industry is off to a decent start in Saskatchewan with some promising numbers to start 2018.

The latest reports indicate that 60 rigs were operating throughout Saskatchewan during the first week of the new year. That's the largest number since the first week of March 2017 where there were 76 active drilling rigs in the province.

Here's another interesting statistic to consider from the report: 60 active rigs in Saskatchewan is the best opening week of drilling since 2014.

Although, the numbers may come as no surprise to some people. Typically, the first couple months of a fresh year in Saskatchewan are the busiest when it comes to drilling. Even though that may be the case, reports indicate how it's a positive start to the year.

In the west central region, there were over 20 rigs working right before the first weekend of 2018:

  • a string of 10 rigs close to Dodsland/Whiteside (five Teine Energy, two Whitecap Resources, one each for Crescent Point Energy, Raging River Exploration, and NAL Resources).
  • Northern Blizzard Resources had one rig pumping near Cactus Lake.
  • Altura Energy had a rig going close to Macklin and Cona Resources with one by Winter.
  • In the Elrose/Plato area, two from Raging River and one from Crescent Point.
  • one by Druid from Caltex Resources.
  • a group of rigs around Kerrobert including two from Raging River and one each from Ish Energy, Baytex Energy, and Whitecap.

Let's cross our fingers and hope these positive figures stay consistent this year in Saskatchewan.

 

Twitter: @MoisesCanalesJr

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