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2010 Forecast - July 27, 2010 (with Q2 updates)


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2010 Total Number of Wells (Western Canada): 11,587
QUARTER ACTIVE RIGS FLEET UTILIZATION OPERATING DAYS*
2010 - 1st*** 431 804 54% 38,399
2010 - 2nd*** 154 794 19% 14,970
2010 - 3rd 400 800 50% 36,000
2010 - 4th 400 800 50% 36,000
Average 2010 346 800 43% 125,369
Historical Utilization
2007 2008 2009
Drilling Utilization Drilling Utilization Drilling Utilization
336 38% 351 40% 209 24%
Assumptions:
WTI: $82.00/bbl (USD) AECO: $4.55/Mcf (CDN) 10.3 days/well
*Calculation based on spud to rig release data



2009 Final Numbers - January 20, 2010

2009 Total Number of Wells Completed (Western Canada): 9,342
2009 Total Number of Wells Rig Released (Western Canada): 8,360
QUARTER ACTIVE RIGS FLEET UTILIZATION OPERATING DAYS*
2009 - 1st*** 320 862 37% 28,244
2009 - 2nd*** 92 859 11% 8,411
2009 - 3rd*** 176 853 21% 16,362
2009 - 4th*** 272 842 32% 24,989
Average 2009 215 854 25% 78,006
Historical Utilization
2006 2007 2008
Drilling Util. Wells Drilling Util. Wells Drilling Util. Wells
501 63% 22,127 336 38% 19,144 351 40% 16,844
Assumptions:
WTI: $75.00/bbl (USD) AECO: $5.00/Mcf (CDN) 9 days/well

* Calculation based on spud to rig release data
*** Actuals


July 28, 2010 10:29 AM

CAODC reviews its forecast 3 times a year.

Questions about the forecast?

Contact Nancy Malone, Manager, Economic Analysis: (403) 264-4311 or nmalone@caodc.ca.