To keep its fleet modernized, TDG decommissioned 15 rigs at the end of 2015. Of these ten were removed from the Canadian fleet and 5 from the US and International side.
Currently TDG is adding to its fleet that’s working in the active Permian basin. It added two rigs to the area which now has a total of 28 rigs active.
The contract base for TDG is 33 rigs or 22% of the fleet under long term contract with the average term remaining at 1.2 years. In 2017, eight rigs will roll off contract. TDG will need to be busy in 2H/17 keeping its fleet occupied. We have used a slower pace than their forecast in our models.