North America Drops 21 Rigs Week on Week
by Andreas Exarheas
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas
North America dropped 21 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on March 20.
The total U.S. rig count decreased by one week on week and the total Canada rig count dropped by 20 during the same period, pushing the total North America rig count down to 729, comprising 552 rigs from the U.S. and 177 rigs from Canada, the count outlined.
Of the total U.S. rig count of 552, 538 rigs are categorized as land rigs, 12 are categorized as offshore rigs, and two are categorized as an inland water rigs. The total U.S. rig count is made up of 414 oil rigs, 131 gas rigs, and seven miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 487 horizontal rigs, 53 directional rigs, and 10 vertical rigs.
Week on week, the U.S. land rig count dropped by one, and its inland water and offshore rig counts remained unchanged, Baker Hughes highlighted. The U.S. oil rig count rose by two week on week, its gas rig count dropped by two, and the U.S. miscellaneous rig count dropped by one week on week, the count showed. The U.S. horizontal rig count rose by two week on week, its vertical rig count dropped by two week on week, and the country’s directional rig count dropped by one week on week, the count revealed.
North America dropped 21 rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
A major state variances subcategory included in the rig count showed that, week on week, North Dakota added three rigs, Oklahoma added two rigs, New Mexico added one rig, Utah, Colorado, and Wyoming each dropped two rigs, and Texas dropped one rig.
A major basin variances subcategory included in the rig count showed that, week on week, the Williston basin added three rigs, the Permian and Cana Woodford basins each added two rigs, the Granite Wash basin added one rig, the Ardmore Woodford basin dropped two rigs, and the DJ-Niobrara and Eagle Ford basins each dropped one rig.
Canada’s total rig count of 177 is made up of 114 oil rigs and 63 gas rigs, Baker Hughes pointed out. Week on week, the country’s oil rig count decreased by 17, its gas rig count dropped by two, and its miscellaneous rig count dropped by one, the count revealed.
The total North America rig count is down 44 rigs compared to year ago levels, according to Baker Hughes’ count, which showed that the U.S. has cut 41 rigs and Canada has cut three rigs, year on year. The U.S. has dropped 72 oil rigs and added 29 gas rigs and two miscellaneous rigs, while Canada has dropped four oil rigs and one miscellaneous rig, and added two gas rigs, year on year, the count outlined.
In its previous rig count, which was published on March 13, Baker Hughes showed that North America dropped six rigs week on week. The total U.S. rig count increased by two week on week and the total Canada rig count dropped by eight during the same period, that count revealed.
Baker Hughes’ March 6 count showed that North America dropped eight rigs week on week, its February 27 rig count showed that North America dropped 11 rigs week on week, and its February 20 rig count showed that North America added two rigs week on week.
According to monthly rig count summary figures in Baker Hughes’ latest count, the North America rig count stood at 745 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.
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.
by Andreas Exarheas
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas