We have updated our 2016e WCSB drilling days forecast to ~54,900 days, which is 18% below our prior forecast and a 16% decline y/y. We are also rolling out our 2017e drilling days forecast, which is 86,600 days, or a 58% improvement from 2016e. In the context of the last 25 years, our 2017e forecast ranks 19th for active drilling days. Our 2016e U.S. rig count forecast has been reduced to 763 rigs from 888 rigs. In 2017e, we are forecasting a U.S. rig count of 1,063 rigs.
16 Dec 2015
Introducing 2017 Estimates
Ensign Energy Services Inc. (ESI:TSE), 0 | Precision Drilling Corporation (PD:TSE), 0 | Savanna Energy Services (SVY:TSE), 0 | Trinidad Drilling (TDG:TSE), 0 | Western Energy Services Corp. (WRG:TSE), 0 | Cathedral Energy Services Ltd. (CET:TSE), 0 | Pason Systems Inc. (PSI:TSE), 0 | PHX Energy Services Corp. (PHX:TSE), 0 | Black Diamond Group Limited (BDI:TSE), 0 | Mullen Group Ltd. (MTL:TSE), 0 | Secure Energy Services Inc. (SES:TSE), 0 | Total Energy Services Inc. (0S9F:LON), 0 | Calfrac Well Services Ltd. (CFW:TSE), 0 | Canyon Services Group (FRC:TSE), 0 | Trican Well Service Ltd. (TCW:TSE), 0 | CES Energy Solutions Corp (CEU:TSE), 0
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Introducing 2017 Estimates
Ensign Energy Services Inc. (ESI:TSE), 0 | Precision Drilling Corporation (PD:TSE), 0 | Savanna Energy Services (SVY:TSE), 0 | Trinidad Drilling (TDG:TSE), 0 | Western Energy Services Corp. (WRG:TSE), 0 | Cathedral Energy Services Ltd. (CET:TSE), 0 | Pason Systems Inc. (PSI:TSE), 0 | PHX Energy Services Corp. (PHX:TSE), 0 | Black Diamond Group Limited (BDI:TSE), 0 | Mullen Group Ltd. (MTL:TSE), 0 | Secure Energy Services Inc. (SES:TSE), 0 | Total Energy Services Inc. (0S9F:LON), 0 | Calfrac Well Services Ltd. (CFW:TSE), 0 | Canyon Services Group (FRC:TSE), 0 | Trican Well Service Ltd. (TCW:TSE), 0 | CES Energy Solutions Corp (CEU:TSE), 0
- Published:
16 Dec 2015 -
Author:
Ian B. Gillies -
Pages:
20
We have updated our 2016e WCSB drilling days forecast to ~54,900 days, which is 18% below our prior forecast and a 16% decline y/y. We are also rolling out our 2017e drilling days forecast, which is 86,600 days, or a 58% improvement from 2016e. In the context of the last 25 years, our 2017e forecast ranks 19th for active drilling days. Our 2016e U.S. rig count forecast has been reduced to 763 rigs from 888 rigs. In 2017e, we are forecasting a U.S. rig count of 1,063 rigs.