North America added six rigs week on week, in response to Baker Hughes’ newest North America rotary rig depend, which was launched on September 19.
The U.S. and Canada every added three rigs week on week, taking the full North America rig depend as much as 731, comprising 542 rigs from the U.S. and 189 rigs from Canada, the depend outlined.
Of the full U.S. rig depend of 542, 527 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs. The overall U.S. rig depend is made up of 418 oil rigs, 118 gasoline rigs, and 6 miscellaneous rigs, in response to Baker Hughes’ depend, which revealed that the U.S. whole contains 473 horizontal rigs, 58 directional rigs, and 11 vertical rigs.
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Week on week, the U.S. offshore and inland water rig counts remained unchanged and the nation’s land rig depend elevated by three, Baker Hughes highlighted. The U.S. oil rig depend elevated by two and its miscellaneous rig depend rose by one, whereas its gasoline rig depend remained unchanged week on week, the depend confirmed. The U.S. directional and horizontal rig counts every elevated by two, week on week, and the nation’s vertical rig depend dropped by one throughout the identical interval, the depend revealed.
A significant state variances subcategory included within the rig depend confirmed that, week on week, Colorado and Wyoming every added two rigs. Texas dropped two rigs and Louisiana dropped one rig week on week, the depend revealed. A significant basin variances subcategory included in Baker Hughes’ rig depend confirmed that, week on week, the DJ-Niobrara basin added two rigs, the Granite Wash basin added one rig, and the Barnett basin dropped one rig.
Canada’s whole rig depend of 189 is made up of 128 oil rigs, 60 gasoline rigs, and one miscellaneous rig, Baker Hughes identified. Week on week, the nation’s oil rig depend elevated by two, its gasoline rig depend elevated by one, and its miscellaneous rig depend remained unchanged, the depend revealed.
The overall North America rig depend is down 68 rigs in comparison with yr in the past ranges, in response to Baker Hughes’ depend, which confirmed that the U.S. has reduce 46 rigs and Canada has reduce 22 rigs, yr on yr. The U.S. has dropped 70 oil rigs and added 22 gasoline rigs and two miscellaneous rigs, whereas Canada has dropped 16 oil rigs and 6 gasoline rigs, yr on yr, the depend outlined.
In a analysis word despatched to Rigzone by the JPM Commodities Analysis staff on Monday morning, analysts at J.P. Morgan famous that “drilling exercise throughout U.S. oil basins has edged increased in current weeks, with notable positive factors within the Niobrara”.
“Rig counts within the basin reached 21 this week (+3 week on week), supported by a robust wave of permits issued from July by means of September,” they added.
“That momentum light later within the yr, with drilling permits falling sharply: 125 permits have been issued in Q1, dropping to 41 in Q2, earlier than accelerating once more in Q3. This implies that Niobrara development will stay modest within the close to time period,” they continued.
The analysts went on to state within the analysis word that, “on the nationwide degree, U.S. crude output has stayed resilient”.
“Between January and August 2025, manufacturing averaged near 300,000 barrels per day vs year-ago ranges for a similar interval. Sequential positive factors are anticipated to gradual within the September-December interval, however annualized will increase ought to nonetheless be close to 230,000 barrels per day,” they added.
“Importantly, allowing knowledge present no signal of a major pullback in operator exercise. Within the Permian, allow volumes over January-August have been six % increased than a yr earlier, with the Delaware basin notably robust, whereas Midland exercise eased solely barely in August,” they stated.
“We observe no indicators of a slowdown in exercise,” the J.P. Morgan analysts continued.
The analysts additionally highlighted within the analysis word that, “in response to Rystad Power knowledge, output within the Permian Basin stays resilient, due to the widespread adoption of extended-reach laterals as much as 3.5-4 miles”.
“In 2024, there have been 51 such completions, however in 2025, they’re anticipated to extend to round 240, or about 25 % of all Permian ultra-long completions,” they acknowledged.
“Early outcomes present that 3.5- to 4-mile laterals usually ship effectivity positive factors of roughly 10 % in drilling and completion prices per foot,” the analysts stated.
In its earlier rig depend, which was launched on September 12, Baker Hughes revealed that North America added seven rigs week on week. The U.S. added one rig and Canada added six rigs week on week, that depend confirmed. Baker Hughes’ September 5 rig depend additionally revealed that North America added seven rigs week on week.
In its August 29 rig depend, Baker Hughes confirmed that North America reduce seven rigs week on week. The corporate’s August 22 rig depend confirmed that North America reduce 4 rigs week on week, its August 15 rig depend revealed that North America added three rigs week on week, and its August 8 rig depend revealed that North America added two rigs week on week.
Baker Hughes’ August 1 rig depend confirmed that North America dropped seven rigs week on week, its July 25 rig depend revealed that North America added eight rigs week on week, its July 18 depend confirmed that North America added 17 rigs week on week, its July 11 rig depend confirmed that North America added 9 rigs week on week, and its July 3 depend highlighted that North America added three rigs week on week.
In its June 27 rig depend, Baker Hughes revealed that North America dropped six rigs week on week. The corporate’s June 20 rig depend confirmed that the full North America rig depend remained unchanged week on week, its June 13 rig depend confirmed that North America added 20 rigs week on week, and its June 6 rig depend confirmed that North America reduce two rigs week on week.
Baker Hughes’ Could 30 rig depend revealed that North America dropped 5 rigs week on week, its Could 23 depend confirmed that North America dropped 17 rigs week on week, and its Could 16 rig depend confirmed that North America added 5 rigs week on week. The corporate’s Could 9 rig depend revealed that North America reduce 12 rigs week on week, its Could 2 depend revealed that North America dropped 11 rigs week on week, and its April 25 depend confirmed that North America dropped 4 rigs week on week.
Baker Hughes’ April 17 depend confirmed that North America dropped two rigs week on week, its April 11 rig depend revealed that North America reduce 22 rigs week on week, the corporate’s April 4 rig depend confirmed that North America reduce 12 rigs week on week, its March 28 depend revealed that North America reduce 18 rigs week on week, and its March 21 rig depend additionally revealed that North America reduce 18 rigs week on week. Baker Hughes’ March 14 depend confirmed that North America dropped 35 rigs week on week and its March 7 rig depend revealed North America reduce 15 rigs week on week.
In its February 28 rig depend, Baker Hughes confirmed that North America added 5 rigs week on week. Its February 21 depend revealed that North America added three rigs week on week, its February 14 rig depend confirmed that North America dropped two rigs week on week, and its January 31 rig depend confirmed that North America added 19 rigs week on week.
The corporate’s January 24 rig depend revealed that North America added 12 rigs week on week, its January 17 depend confirmed that North America added 9 rigs week on week, and its January 10 rig depend outlined that North America added 117 rigs week on week.
Baker Hughes’ January 3 rig depend revealed that North America dropped one rig week on week and its December 27 rig depend confirmed that North America dropped 71 rigs week on week.
Baker Hughes, which has issued rotary rig counts since 1944, describes the figures as an vital enterprise barometer for the drilling business and its suppliers. The corporate notes that working rig location info is offered partially by Enverus.
To contact the creator, e-mail andreas.exarheas@rigzone.com
