​Canada’s rig count jumps following holiday period

The active rig count in Western Canada surged last week after falling below 100 during the holiday period.

On Thursday afternoon, 165 rigs were active and 424 down, for a total active rate of 28 per cent, according to JWN's Rig Locator.

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Tourmaline Oil was the most active operator with 16 active rigs, followed by Husky Energy with 15.

While the rig count has rebounded, it remains lower than the same period last year.

On January 2, 2018 there were 248 rigs active, or 40 percent of the fleet. 

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