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Getting closer every day!
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Getting closer every day!
I'm cheering for you. Of course, a shot term peak doesn't do that much for employment. a sustainable long term trend is what's needed for that.
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Getting closer. (CAODC, of course)This quote is hidden because you are ignoring this member. Show Quote
I can eat more hot wings than you.
Caodc.ca weekly count for Jan 22 is 324 active or 52%
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Caodc.ca weekly count for Jan 29 is 323 or 52%
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http://www.cbc.ca/news/canada/calgar...exas-1.4511911
Coles, from nearly 900 rigs in 2014 we are down to 621 now and still falling as top tier rigs head south.
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There's a lot of rigs just laying around too. There's an old Saxon rig in Swift Current that's been there for few years now. I guess it belongs to Schlumberger now since Saxon isn't around anymore. They probably don't even know they have it. There's an Ensign rig in Purple Springs that's been there forever, and another one in Coleville that's still painted in Tri-City colors. I wonder what happens to that stuff. It never seems to move, but somebody owns it, and somebody else owns the dirt it's sitting on.
2007 GMC 2500 Duramax
1981 GMC C1500 454
They'll get cut up eventually. Or they've been sold to someone who has totally unrealistic dreams of getting them running again.
Lots of unrealistic dreamers around, wishing they could recreate the glorious oilpatch of days gone past.
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Worker killed at cenovus christina lake - night rig move. Thats not gonna be good.
https://boereport.com/2018/02/07/wor...oilsands-site/
Awful news. Regardless of if the light conditions played a factor this doesn't look great for CVE. Many companies will not move rigs at night for safety reasons.This quote is hidden because you are ignoring this member. Show Quote
Caodc.ca count for Feb 5 is 306 rigs active.
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Total shit show. Buddy (wont say who since media isnt) walked in front of the truck, driver thought he walked behind. Rolled ahead.This quote is hidden because you are ignoring this member. Show Quote
They've shut down all the rigs in the area for the investigation. Hopefully someone get's taught a lesson for authorizing a night move.
I can eat more hot wings than you.
These OSE/core hole programs have such pace that they are truly quite dangerous. Much worse than regular drilling. I was working on one of those projects when we had a fatality. Not a rig move that time.
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Caodc.ca is revamping thier website and weekly statistics aren't available this week.
JWN count today is 331 active.
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Things are coming to an end on many projects, i fully expect march to have 40% less active rigs.
I can eat more hot wings than you.
I think the last CAODC count I posted was Jan 22. They have changed the website quite a bit, and I don't like it, but here are the numbers.
Jan 29 - 342
Feb 5 - 338
Feb 12 - 312
Feb 19 - 319
Feb 26 - 306
- - - Updated - - -
Interesting to look back at the original post in this thread. Total rig fleet reported by CAODC is 622 now, down from 654 in that first post. That number will keep shrinking. I'd say below 600 makes a lot of sense, and maybe closer to 500, no matter what prices do, but those decisions are made month-by-month based on a million individual factors worried over by the dozens of different companies who own the iron.This quote is hidden because you are ignoring this member. Show Quote
Last year I was excited by the prospect of 300+ rigs working, this year I'm less thrilled about similar levels, but still optimistic.
Last edited by ExtraSlow; 02-27-2018 at 09:45 PM.
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JWN reports 301 rigs active as of yesterday. Note the way JWN does the count is usually higher than CAODC, so this is a leading indicator of a significant drop.
On the pumping services side, Calfrac announced it is moving 30,000 hp to the USA to improve utilization and revenue.
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Caodc.ca weekly count for March 5th is 285.
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Calfrac is still incredibly busy in Canada. They’re trying to build new crews but simply don’t have the man power. Everyone in pumping services is offering big signing bonus’ and poaching people like crazy from other service companies.This quote is hidden because you are ignoring this member. Show Quote
We personally brought down dozens of guys from offshore and hired anyone with a pulse just to get bodies.
Well services is the busiest I’ve seen it in years and it doesn’t seem to be slowing down.