North America misplaced one rig week on week, in response to Baker Hughes’ first North America rotary rig rely of 2025, which was launched on January 3.
Though the overall U.S. rig rely remained unchanged week on week, Canada’s complete rig rely decreased by one throughout the identical timeframe, taking the overall North America rotary rig rely right down to 683, comprising 589 rigs from the U.S. and 94 rigs from Canada, the rely outlined.
Of the overall U.S. rig rely of 589, 573 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and two are categorized as inland water rigs. The entire U.S. rig rely is made up of 482 oil rigs, 103 fuel rigs, and 4 miscellaneous rigs, in response to the rely, which revealed that the U.S. complete includes 527 horizontal rigs, 49 directional rigs, and 13 vertical rigs.
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Week on week, the U.S. land, offshore, and inland water rig counts remained unchanged, the rely outlined. The nation’s fuel rig rely elevated by one week on week, whereas its oil rig rely decreased by one and its miscellaneous rig rely remained equivalent week on week, the rely revealed. The U.S. horizontal, directional, and vertical rig counts remained unchanged week on week, the rely highlighted.
A significant state variances subcategory included within the rig rely confirmed that Louisiana dropped one rig and Texas added one rig week on week. Texas was listed as having 285 rigs within the rely. That determine marked a 23 rig discount from yr in the past figures, the rely outlined.
Canada’s complete rig rely of 94 includes 44 oil rigs and 50 fuel rigs, Baker Hughes identified. The nation’s oil rig rely remained unchanged week on week and its fuel rig rely dropped by one throughout the identical timeframe, the rely confirmed.
The entire North America rig rely is down 63 in comparison with yr in the past ranges, in response to Baker Hughes’ rely, which confirmed that the U.S. has lower 32 rigs and Canada has lower 31 rigs yr on yr. The U.S. has dropped 15 fuel rigs and 19 oil rigs, and added two miscellaneous rigs, whereas Canada has lower 14 fuel rigs and 17 oil rigs, yr on yr, the rely revealed.
In its earlier rig rely, which was revealed on December 27, Baker Hughes outlined that North America dropped 71 rigs week on week. The entire U.S. rig rely remained unchanged week on week and Canada’s complete rig rely decreased by 71 throughout the identical timeframe, that rely confirmed.
Baker Hughes’ December 20 rig rely revealed that North America misplaced 25 rigs week on week, its December 13 rig rely revealed that North America misplaced three rigs week on week, and its December 6 rig rely revealed that North America misplaced 4 rigs week on week. The corporate’s November 27 rely confirmed that North America’s complete rig rely elevated by three week on week.
Baker Hughes’ first rotary rig rely of 2024, which was launched on January 5, 2024, confirmed that North America added 38 rigs week on week. The corporate’s ultimate rotary rig rely of 2023 confirmed a notable week on week and yr on yr drop for North America. The area’s rig rely decreased by 58 week on week and by 155 yr on yr, in response to that rely, which was launched on December 29, 2023.
Baker Hughes, which has issued rotary rig counts to the petroleum business since 1944, describes the figures as an essential enterprise barometer for the drilling business and its suppliers. The corporate notes that working rig location data is offered partially by Enverus.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
