View Press Release - November 8, 2011
2012 Total Number of Wells Completed (Western Canada): 12,672
| QUARTER |
ACTIVE RIGS |
FLEET |
UTILIZATION |
OPERATING DAYS* |
| 2012 - 1st |
558 |
821 |
68% |
50,090 |
| 2012 - 2nd |
165 |
827 |
20% |
14,811 |
| 2012 - 3rd |
441 |
833 |
53% |
39,587 |
| 2012 - 4th |
462 |
840 |
55% |
41,472 |
| Average 2012 |
407 |
830 |
49% |
145,730 |
Historical Utilization
2009 |
2010 |
2011 |
| Drilling |
Util. |
Wells |
Drilling |
Util. |
Wells |
Drilling |
Util. |
Wells |
| 209 |
24% |
8,278 |
346 |
43% |
11,587 |
405 |
51% |
12,555 |
Assumptions:
WTI: $88.00/bbl (USD) AECO: $4.00/Mcf (CDN) 11.5 days/well
* Calculation based on spud to rig release data
2011 Final Numbers
2011 Total Number of Wells Completed (Western Canada): 12,555
| QUARTER |
ACTIVE RIGS |
FLEET |
UTILIZATION |
OPERATING DAYS* |
| 2011 - 1st*** |
534 |
788 |
68% |
47,495 |
| 2011 - 2nd*** |
190 |
791 |
24% |
16,339 |
| 2011 - 3rd*** |
454 |
798 |
57% |
40,754 |
| 2011 - 4th |
443 |
805 |
55% |
39,767 |
| Average 2011 |
405 |
796 |
51% |
144,355 |
Historical Utilization
2008 |
2009 |
2010 |
| Drilling |
Util. |
Wells |
Drilling |
Util. |
Wells |
Drilling |
Util. |
Wells |
| 351 |
40% |
16,844 |
209 |
24% |
8,278 |
346 |
43% |
11,587 |
Assumptions:
WTI: $90.00/bbl (USD) AECO: $4.00/Mcf (CDN) 11.5 days/well
* Calculation based on spud to rig release data
*** Actual
December 7, 2011 9:24 AM
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CAODC reviews its forecast 3 times a year.
Questions about the forecast?
Contact Nancy Malone,
Vice-President, Operations: (403) 264-4311 or nmalone@caodc.ca.
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