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Bullboard - Stock Discussion Forum Bri-Chem Corp T.BRY

Alternate Symbol(s):  BRYFF

Bri-Chem Corp. (Bri-Chem) is a Canada-based oilfield chemical distribution and blending company. The Company is engaged in the distribution and blending of oilfield drilling, completion, stimulation, and production of chemical fluids. The Company offers a range of drilling fluid products from approximately 25 strategically located warehouses throughout Canada and the United States. The Company... see more

TSX:BRY - Post Discussion

Bri-Chem Corp > Active Drilling Rigs Has Doubled Since May 10/21
View:
Post by nozzpack on Jun 26, 2021 6:11am

Active Drilling Rigs Has Doubled Since May 10/21

From 65 to 138 rigs currently....

https://caodc.ca/rig_reports
Comment by nozzpack on Jun 28, 2021 11:29am
I missed the most important statistic in the Caodc drilling report contained in my previous post on this key parameter. That statistic was actual rig service activity for April 2021. For April 2021, the rig service activity was 34.9 % which was even higher than the 30.6 % for April of 2019 ( and obviously much higher than April 2020 ) The other statistics in that drilling report was that the ...more  
Comment by nozzpack on Jul 01, 2021 5:59am
Browsing through the other oil service boards confirms that the very rapid increase in the number of active rigs from April through to May doubling in Canada has continued to escalate. For example, the number of well licenses in western Canada in the first 5 days of June exceeded those for all of June of 2020. My estimates for Q2 for Canada are even more conservative and Q3 is setting up as what ...more  
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