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North American Rig Count Increases for 4th Straight Week
Posted on 9/29/25 at 9:16 am
Posted on 9/29/25 at 9:16 am
quote:
North America added eight rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on September 26.
The U.S. added seven rigs and Canada added one rig week on week, taking the total North America rig count up to 739, comprising 549 rigs from the U.S. and 190 rigs from Canada, the count outlined.
Of the total U.S. rig count of 549, 532 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and three are categorized as inland water rigs. The total U.S. rig count is made up of 424 oil rigs, 117 gas rigs, and eight miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 478 horizontal rigs, 57 directional rigs, and 14 vertical rigs.
quote:
A major state variances subcategory included in the rig count showed that, week on week, Texas added four rigs and Louisiana, New Mexico, and Ohio each added one rig. A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Eagle Ford basin added three rigs, the Utica basin added one rig, and the Permian basin dropped one rig.
quote:
The total North America rig count is down 66 rigs compared to year ago levels, according to Baker Hughes’ count, which showed that the U.S. has cut 38 rigs and Canada has cut 28 rigs, year on year. The U.S. has dropped 60 oil rigs and added 18 gas rigs and four miscellaneous rigs, while Canada has dropped 23 oil rigs and five gas rigs, year on year, the count outlined.
quote:
“This renewed activity is unfolding against a backdrop of stable and relatively elevated crude prices, which are encouraging operators to return to plays that were previously at the margin of economic viability,” the J.P. Morgan analysts noted.
“Producers appear to be capitalizing on the more favorable market environment to test acreage that had been sidelined during periods of lower prices,” they stated in the report.
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3
Posted on 9/29/25 at 9:20 am to ragincajun03
Drill Baby Drill
Posted on 9/29/25 at 9:38 am to ragincajun03
Truck Nuts: [ON] OFF
Posted on 9/29/25 at 12:03 pm to ragincajun03
Time to get some oversized truck nuts bro!
Posted on 9/29/25 at 12:17 pm to idlewatcher
My current truck nuts already scrape any speed bumps I drive over.
Posted on 9/29/25 at 12:56 pm to ragincajun03
Time for an upgrade then! Wish I could help you find a gig but I'm tapped out on domestic contacts.
Posted on 9/29/25 at 1:24 pm to cinemaguy23
Almost back to when Biden was in office
“The U.S. rig count a year ago, around late September 2024, was significantly higher than the current level of 549. For context, a year ago, the count was approximately 588, representing a 6.63% decrease to the current total. “
“The U.S. rig count a year ago, around late September 2024, was significantly higher than the current level of 549. For context, a year ago, the count was approximately 588, representing a 6.63% decrease to the current total. “
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