North America added eight rigs week on week, in response to Baker Hughes’ newest North America rotary rig depend, which was launched on September 26.
The U.S. added seven rigs and Canada added one rig week on week, taking the overall North America rig depend as much as 739, comprising 549 rigs from the U.S. and 190 rigs from Canada, the depend outlined.
Of the overall U.S. rig depend of 549, 532 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and three are categorized as inland water rigs. The overall U.S. rig depend is made up of 424 oil rigs, 117 gasoline rigs, and eight miscellaneous rigs, in response to Baker Hughes’ depend, which revealed that the U.S. complete includes 478 horizontal rigs, 57 directional rigs, and 14 vertical rigs.
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Week on week, the U.S. offshore and inland water rig counts every added one rig and the nation’s land rig depend elevated by 5, Baker Hughes highlighted. The U.S. oil rig depend elevated by six and its miscellaneous rig depend rose by two, whereas its gasoline rig depend dropped by one week on week, the depend confirmed. The U.S. horizontal rig depend elevated by 5 and its and vertical rig depend rose by three, week on week, and the nation’s directional rig depend dropped by one throughout the identical interval, the depend revealed.
A serious state variances subcategory included within the rig depend confirmed that, week on week, Texas added 4 rigs and Louisiana, New Mexico, and Ohio every added one rig. A serious basin variances subcategory included in Baker Hughes’ rig depend confirmed that, week on week, the Eagle Ford basin added three rigs, the Utica basin added one rig, and the Permian basin dropped one rig.
Canada’s complete rig depend of 190 is made up of 129 oil rigs, 60 gasoline rigs, and one miscellaneous rig, Baker Hughes identified. Week on week, the nation’s oil rig depend elevated by one, whereas its gasoline and miscellaneous rig counts remained unchanged, the depend revealed.
The overall North America rig depend is down 66 rigs in comparison with 12 months in the past ranges, in response to Baker Hughes’ depend, which confirmed that the U.S. has lower 38 rigs and Canada has lower 28 rigs, 12 months on 12 months. The U.S. has dropped 60 oil rigs and added 18 gasoline rigs and 4 miscellaneous rigs, whereas Canada has dropped 23 oil rigs and 5 gasoline rigs, 12 months on 12 months, the depend outlined.
In a analysis observe despatched to Rigzone by the JPM Commodities Analysis workforce on Friday, analysts at J.P. Morgan highlighted that “complete U.S. oil and gasoline rigs elevated by seven to 549 this week, in response to Baker Hughes”.
“Oil targeted rigs noticed a rise of six, bringing the overall to 424, following the addition of two rigs the earlier week. In the meantime, pure gasoline targeted rigs decreased by one to 117 for the second week,” they added.
“The rig depend within the 5 main tight oil basins – we use the EIA [U.S. Energy Information Administration] basin definition – elevated by three to 404 rigs, whereas the rig depend within the two main tight gasoline basins additionally remained unchanged at 83 rigs. The miscellaneous rig depend elevated by two and accounted for eight rigs,” they continued.
The analysts went on to state within the report that “the oil rig depend continued its upward trajectory for the fourth consecutive week, signaling a strong rebound in drilling exercise”.
“This week alone, the variety of oil rigs elevated by six – the most important single-week acquire since February 2025,” they added.
“This renewed exercise is unfolding in opposition to a backdrop of secure and comparatively elevated crude costs, that are encouraging operators to return to performs that had been beforehand on the margin of financial viability,” the J.P. Morgan analysts famous.
“Producers look like capitalizing on the extra favorable market atmosphere to check acreage that had been sidelined in periods of decrease costs,” they acknowledged within the report.
In its earlier rig depend, which was launched on September 19, Baker Hughes revealed that North America added six rigs week on week. The U.S. and Canada every added three rigs week on week, that depend revealed.
Baker Hughes’ September 12 rig depend confirmed that North America added seven rigs week on week and its 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 lower seven rigs week on week. The corporate’s August 22 rig depend confirmed that North America lower 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 overall 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 lower two rigs week on week.
Baker Hughes’ Might 30 rig depend revealed that North America dropped 5 rigs week on week, its Might 23 depend confirmed that North America dropped 17 rigs week on week, and its Might 16 rig depend confirmed that North America added 5 rigs week on week. The corporate’s Might 9 rig depend revealed that North America lower 12 rigs week on week, its Might 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 lower 22 rigs week on week, the corporate’s April 4 rig depend confirmed that North America lower 12 rigs week on week, its March 28 depend revealed that North America lower 18 rigs week on week, and its March 21 rig depend additionally revealed that North America lower 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 lower 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 essential 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, electronic mail andreas.exarheas@rigzone.com
