North America Adds Rigs for 3 Straight Weeks, BH Count Shows
by Andreas Exarheas | Rigzone Staff
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas
North America added 11 rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
North America added 11 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on October 9.
The total U.S. rig count increased by five rigs week on week and the total Canada rig count added six rigs during the same period, pushing the total North America rig count up to 825, comprising 603 rigs from the U.S. and 222 rigs from Canada, the count outlined.
The total U.S. rig count of 603 comprised 590 land rigs, 12 offshore rigs, and one inland water rig, according to the count, which revealed that the total U.S. rig count is made up of 462 oil rigs, 132 gas rigs, and nine miscellaneous rigs. The total U.S. rig count also comprised 543 horizontal rigs, 44 directional rigs, and 16 vertical rigs, the count showed.
Week on week, the U.S. land rig count rose by four, its offshore rig count rose by two, and its inland water rig count dropped by one, Baker Hughes highlighted. The U.S. oil rig count rose by six week on week, its gas rig count dropped by one, and its miscellaneous rig count remained flat during the same period, the count showed. The U.S. horizontal rig count rose by three week on week, its directional rig count rose by two, and its vertical rig count rose by one during the same period, the count revealed.
A major state variances subcategory included in Baker Hughes’ latest rig count showed that, week on week, Texas added three rigs, Louisiana added two rigs, New Mexico added one rig, and Oklahoma dropped one rig. A major basin variances subcategory included in the rig count showed that, week on week, the Permian basin added four rigs, the Haynesville basin added one rig, and the Cana Woodford basin dropped one rig.
Canada’s total rig count of 222 is made up of 150 oil rigs, 70 gas rigs, and two miscellaneous rig, Baker Hughes pointed out. Week on week, the country’s gas rig count rose by four, and its oil and miscellaneous rig counts each rose by one, the count revealed.
The total North America rig count is up by 85 rigs compared to year ago levels, according to Baker Hughes’ count, which showed that the U.S. has added 56 rigs and Canada has added 29 rigs, year on year. The U.S. has added 44 oil rigs and 12 gas rigs, while Canada has added 21 oil rigs, seven gas rigs, and one miscellaneous rig, year on year, the count outlined.
Previous Counts
In its previous count, which was published on October 2, Baker Hughes revealed that North America added seven rigs week on week. That rig count showed that the U.S. dropped one rig week on week and Canada added eight rigs during the same period. Baker Hughes’ September 25 rig count revealed that North America added 15 rigs week on week.
In its September 18 rig count, Baker Hughes showed that North America dropped six rigs week on week. The company’s September 11 rig count revealed that North America added six rigs week on week. That rig count marked the break of a recent rig loss streak.
The company’s September 4 count revealed that North America dropped seven rigs week on week, its August 28 rig count showed that North America dropped five rigs week on week, and its August 21 count showed that North America dropped eight rigs week on week.
Baker Hughes’ August 14 rig count revealed that North America added eight rigs week on week and its August 7 rig count showed that North America dropped three rigs week on week. Prior to its August 7 count, Baker Hughes’ rig counts showed a series of North America rig additions.
The company’s July 31 count revealed that North America added 16 rigs week on week, its July 24 rig count showed that North America added five rigs week on week, and its July 17 count revealed that North America added 26 rigs week on week. Prior to that week on week increase, the last time Baker Hughes’ North America rig count showed a week on week increase was back in June.
Baker Hughes’ July 10 count showed that the total North America rig count dropped by 10 week on week and its July 2 rig count revealed that the total North America rig count remained unchanged week on week. Before the July 2 rig count, Baker Hughes’ North America rig count had risen for eight consecutive weeks.
Baker Hughes’ June 26 rig count showed that North America added 21 rigs week on week, its June 18 count showed that North America added seven rigs week on week, its June 12 rig count revealed that North America added 10 rigs week on week, its June 5 count showed that North America added eight rigs week on week, its May 29 rig count showed that North America added 28 rigs week on week, its May 22 rig count showed that North America added 21 rigs week on week, its May 15 rig count revealed that North America added three rigs week on week, and its May 8 rig count showed that North America added two rigs week on week.
Baker Hughes’ May 1 rig count showed that North America dropped four rigs week on week and its April 24 rig count showed that North America added one rig week on week. Prior to this, Baker Hughes’ rig counts showed a spate of weekly losses.
The company’s April 17 rig count revealed that North America dropped seven rigs week on week, its April 10 rig count showed that North America dropped 10 rigs week on week, its April 2 rig count revealed that North America dropped six rigs week on week, its March 27 rig count revealed that North America dropped 33 rigs week on week, its March 20 rig count outlined that North America dropped 21 rigs week on week, its March 13 count showed that North America dropped six rigs week on week, its March 6 rig count showed that North America dropped eight rigs week on week, and its February 27 rig count showed that North America dropped 11 rigs week on week.
Baker Hughes’ February 20 rig count showed that North America added two rigs week on week.
Monthly Rig Count Summary Figures
According to monthly rig count summary figures in Baker Hughes’ latest count, the North America rig count stood at 820 in October 2026, 797 in September 2026, 805 in August 2026, 783 in July 2026, 748 in June 2026, 687 in May 2026, 679 in April 2026, 733 in March 2026, 773 in February 2026, 742 in January 2026, and 718 in December 2025. The latest count outlined that the North America rig count stood at 739 in November 2025, 741 in October 2025, 728 in September 2025, 717 in August 2025, 707 in July 2025, 687 in June 2025, 690 in May 2025, 725 in April 2025, 786 in March 2025, 836 in February 2025, and 791 in January 2025.
Archived Baker Hughes data, which Rigzone was directed to by the Baker Hughes team, outlined that the North America rig count stood at 751 in December 2024, 789 in November 2024, 804 in October, September, and August 2024, 779 in July 2024, 750 in June 2024, 722 in May 2024, 748 in April 2024, 822 in March 2024, 855 in February 2024, and 818 in January 2024.
This data outlined that, in 2023, the North America rig count stood at 784 in December, 816 in November, 814 in October, 819 in September, 836 in August, 858 in July, 832 in June, 817 in May, 861 in April, 948 in March, 1,006 in February, and 998 in January.
The data outlined that, in 2022, the North America rig count stood at 935 in December, 980 in November, 981 in October, 973 in September, 965 in August, 943 in July, 880 in June, 811 in May, 796 in April, 846 in March, 856 in February, and 791 in January. In 2021, the North America rig count stood at 729 in December, 726 in November, 704 in October, 661 in September, 657 in August, 628 in July, 568 in June, 512 in May, 494 in April, 516 in March, 568 in February, and 530 in January, the data outlined.
Going further back, this data outlined that, in 2020, the North America rig count stood at 432 in December, 405 in November, 361 in October, 316 in September, 303 in August, 288 in July, 292 in June, 371 in May, 598 in April, 904 in March, 1,039 in February, and 996 in January.
Baker Hughes states on its site that it has issued rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. On its site, the company describes the figures as “an important business barometer for the drilling industry and its suppliers”. The company notes on its site that working rig location information is provided in part by Enverus.
Top Operators
Enverus’ latest Drilldown report at the time of writing, which was sent to Rigzone by the Enverus team on October 6, showed that the U.S. averaged a total of 649.4 active rigs as of the week ended October 2. Of this total, 629.4 rigs were land rigs and 20.0 were offshore rigs, Enverus’ report showed.
The total active U.S. rig count averaged 656.3 in the prior week, 646.5 in the prior quarter, and 579.4 a year ago, according to the count, which showed that the U.S. land rig count came in at 636.4 in the prior week, 623.8 in the prior quarter, and 552.4 a year ago. The U.S. offshore rig count came in at 19.9 in the prior week, 22.7 in the prior quarter, and 27.0 a year ago, the report outlined.
Canada’s total active land rig count averaged 195.4 in the week ending October 2, the Enverus report showed. This count averaged 184.1 in the prior week, 192.7 in the prior quarter, and 167.9 a year ago, the report highlighted.
The top five U.S. operators by active rig count, as of October 2, were Exxon, with an average of 37.0 rigs, ConocoPhillips, with an average of 31.6 rigs, Devon, with an average of 31.3 rigs, Continental Resources, with an average of 24.0 rigs, and EOG, with an average of 23.9 rigs, the report revealed.
In the prior week, Exxon’s rig count averaged 37.4, ConocoPhillips’ averaged 29.9, Devon’s averaged 31.7, Continental Resources’ came in at 24.0, and EOG’s stood at 24.4, the report showed. In the prior quarter, Exxon’s rig count averaged 37.0, ConocoPhillips’ averaged 29.7, Devon’s averaged 32.5, Continental Resources’ stood at 21.0, and EOG’s came in at 22.8, and a year ago, Exxon’s rig count averaged 38.3, ConocoPhillips’ averaged 24.0, Devon’s averaged 31.9, Continental Resources’ stood at 15.1, and EOG’s averaged 23.7, the report outlined.
The top five Canada operators by active land rigs, as of October 2, comprised Canadian Natural Resources, with an average of 20.1, Cenovus, with an average of 15.6, Whitecap Resources, with an average of 11.9, Tourmaline, with an average of 10.6, and Shell, with an average of 7.9, the report pointed out.
In the prior week, Canadian Natural Resources’ rig count averaged 18.6, Cenovus’ averaged 17.1, Whitecap Resources’ averaged 11.3, Tourmaline’s averaged 9.9, and Shell’s came in at 7.3, according to the report, which showed that, in the prior quarter, Canadian Natural Resources’ rig count averaged 20.7, Cenovus’ averaged 14.8, Whitecap Resources’ averaged 9.9, Tourmaline’s averaged 11.1, and Shell’s came in at 8.2. A year ago, Canadian Natural Resources’ rig count averaged 14.7, Cenovus’ averaged 12.7, Whitecap Resources’ averaged 10.1, Tourmaline’s averaged 13.6, and Shell’s came in at 7.1, Enverus’ report showed.
The Enverus Drilldown Report is described by Enverus as a weekly rig count update tracking North American upstream activity and broader market trends. The report utilizes Enverus activity analytics, the report highlights.
by Andreas Exarheas | Rigzone Staff
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas