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9 clusters · 12 sources · 57 days · First seen 2 months ago · Last updated 11 days ago

US-Canada oil and gas drilling trends

Overview

By the week of 14 August, the U.S. total rig count rose to 593, the highest since March 2025, including one additional oil rig and four additional gas rigs. During this period, Canada reached 219 active rigs, driven by an increase of five oil rigs. U.S. crude oil production averaged 13.805 million barrels per day, a slight increase from the previous week. However, by 21 August, the U.S. total rig count fell to 588, with oil rigs dropping to 452 and gas rigs to 127. Despite this decline, weekly crude production rose to an average of 13.830 million barrels per day for the week ending 14 August, up 503,000 bpd from a year ago. Regional activity remained mixed: Permian Basin rigs increased to 267 and Eagle Ford rose to 50, while the Primary Vision Frac Spread Count fell to 193. For the week ending 28 August, the U.S. oil and gas rig count remained unchanged at 588. A shift in focus occurred as oil rigs decreased by five to 447, while gas rigs increased by five to 132. In Canada, the rig count fell by three units to 216, though this remained 36 units higher than the same period last year. The total North American rig count declined by eight units to 804. In the U.S., the Permian Basin remained stable at 267 rigs, while Texas activity rose to approximately 281 or 282 rigs, its highest level since February 2025. Conversely, rig counts in New Mexico and Louisiana both decreased by three. By the week ending 4 September, the U.S. total rig count held steady at 588. Sector activity shifted again as oil rigs increased by two to 449, while gas rigs decreased by two to 130, though gas levels remain higher than the previous year. U.S.

Entities

Baker Hughes · Permian Basin · Eagle Ford · United States · Canada

Timeline

11 days ago

[BUSINESS] 3 sources
US and Canada oil and gas rig counts show mixed activity
US oil and gas rig counts remained stable at 588 this week, while Canadian drilling activity declined to 204 rigs, according to Baker Hughes data.
19 days ago

[BUSINESS] 4 sources
U.S. oil and gas rig count remains unchanged at 588
U.S. oil and gas rig counts remained steady at 588 this week, with oil rigs decreasing by five and gas rigs increasing by five, according to Baker Hughes data.
25 days ago

[BUSINESS] 6 sources
United States oil and gas rig counts decline amid rising production
U.S. oil and gas rig counts fell to 588 this week, even as crude oil production rose to 13.83 million barrels per day and global oil prices trended upward.
about 1 month ago

[BUSINESS] 3 sources
US and Canada drilling rig counts increase
US and Canadian drilling activity has increased, with the US rig count rising to 593, its highest level since March 2025.
about 1 month ago

[BUSINESS] 2 sources
US oil rig count steadies at 588 as oil rigs rise and gas rigs fall
US active rigs total 588; oil rigs up to 454, gas rigs down to 124. Brent at $83.55, WTI $78.21. Crude output 13.8 m bpd, Permian rigs 263, Eagle Ford 49.
about 2 months ago

[BUSINESS] 4 sources
US oil and gas rig count climbs to 588, Canada hits five‑month high
US rig count hits 588, up 1 week and 48 year‑over‑year; Canada reaches 219 rigs, a five‑month high, indicating stronger oil drilling and higher steel‑related demand.
about 2 months ago

[BUSINESS] 3 sources
US and Canada drill rig counts stay near multi‑month highs
US rigs fell to 587, near a 15‑month peak, while Canada rose to 204, a four‑month high; the combined international count hit 1,073 in June, signaling strong OCTG demand.
2 months ago

[BUSINESS] 3 sources
U.S. oil and gas rigs climb to 581 as Canada rig count drops to 179
U.S. rig count rose to 581, the highest since May 2025, while Canada's fell to 179, marking divergent trends in North American drilling activity.
2 months ago

[BUSINESS] 2 sources
US Oil and Gas Wells Remain Steady as Production Grows Year‑Over‑Year
U.S. oil wells held at 445 and natural‑gas wells at 126 for the week ending 9 July, with annual increases, while Canada’s oil wells rose year‑over‑year, keeping North America a steady global energy supplier.

Sources

boereport.com · english.alsiasi.com · europesays.com · forexlive.com · it-boltwise.de · naftemporiki.gr · news.m.pchome.com.tw · ogj.com · oilprice.com · sbctv.gr · steelmarketupdate.com · theghanareport.com

This summary has been updated 5 times: see revision history