North America Drops Rigs for 1st Time in Months

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’s rig count dropped by 10 rigs week on week, according to Baker Hughes’ latest North America rotary rig count.

North America’s rig count dropped by 10 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on July 10.

Although the total U.S. rig count increased by one week on week, the total Canada rig count dropped by 11 during the same period, taking the total North America rig count down to 760, comprising 581 rigs from the U.S. and 179 rigs from Canada, the count outlined.

The total U.S. rig count of 581 comprised 565 land rigs, 14 offshore rigs, and two inland water rigs, according to the count, which revealed that the total U.S. rig count is made up of 445 oil rigs, 126 gas rigs, and 10 miscellaneous rigs. The count also highlighted that the U.S. total comprises 517 horizontal rigs, 48 directional rigs, and 13 vertical rigs.

Week on week, the U.S. land rig count dropped by two, its offshore rig count rose by three, and its inland water rig count remained unchanged, Baker Hughes highlighted. The U.S. miscellaneous rig count rose by one week on week, while the country’s gas and oil rig counts remained unchanged during the same period, the count showed. The U.S. horizontal rig count dropped by three week on week, its vertical rig count rose by one, and its directional rig count remained flat, week on week, the count revealed.

A major state variances subcategory included in the rig count showed that, week on week, New Mexico dropped four rigs, Louisiana added three rigs, and Texas added one rig. A major basin variances subcategory included in the rig count showed that, week on week, the Permian basin dropped five rigs, the Eagle Ford basin added three rigs, and the DJ-Niobrara basin added one rig.

Canada’s total rig count of 179 is made up of 118 oil rigs, 57 gas rigs, and four miscellaneous rigs, Baker Hughes pointed out. Week on week, the country’s oil rig count dropped by 12, its gas rig count dropped by one, and its miscellaneous rig count increased by two, the count revealed.

The total North America rig count is up 61 rigs compared to year ago levels, according to Baker Hughes’ count, which showed that the U.S. has added 44 rigs and Canada has added 17 rigs, year on year. The U.S. has added 18 gas rigs, 21 oil rigs, and five miscellaneous rigs, while Canada has added six oil rigs, seven gas rigs, and four miscellaneous rigs, year on year, the count outlined.

The last time Baker Hughes’ North America rig count showed a week on week decline was back in May.

In its previous rig count, which was published on July 2, Baker Hughes revealed that the total North America rig count remained unchanged week on week. The total U.S. rig count increased by seven week on week and the total Canada rig count dropped by seven during the same period, that count showed.

Prior to the July 2 rig count, Baker Hughes’ North America rig count had risen for eight consecutive weeks.

Baker Hughes’ June 26 rig count revealed 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.

According to monthly rig count summary figures in Baker Hughes’ latest count, the North America rig count stood at 765 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.

by Andreas Exarheas | Rigzone Staff
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas