Market Update





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October 2025

Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending September 26th was 424 oil and 117 gas (totaling 541).

September 2025

Producer Price Index: The U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) for final demand declined 0.1 percent in August 2025, following the 0.7% increase in July. Prices for final demand services fell 0.2% while the index for final demand goods moved up by 0.1%. The final demand index moved up 2.8 percent, the largest 12-month advance since climbing 3.5 percent in March 2025.

August 2025

Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending August 22nd was 411 oil and 122 gas (totaling 533). In percentage terms, on a month on month (m/m) basis, oil rigs were down 1.0% and gas was sideways at 0%. On a year on year (y/y) comparison, rigs were down 14.9% for oil and up 25.8% for gas. The combined figure for y/y was -8%, or -47 rigs.
Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending August 15th was 412 oil and 122 gas (totaling 539). In percentage terms, on a month on month (m/m) basis, oil rigs were down 2.4% and gas was up 4.3%. On a year on year (y/y) comparison, rigs were down 14.7% for oil and up 24.5% for gas. The combined figure for y/y was -8%, or -47 rigs.
Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending June 27th was 432 oil and 109 gas (totaling 541). In percentage terms, on a month on month (m/m) basis, oil rigs were down 6.3% and gas was up 10.1%. On a year on year (y/y) comparison, rigs were down 9.8% for oil and up 12.4% for gas. The combined figure for y/y was -5.9%, or -34 rigs.

March 2025

Oil and Gas Rotary Rig Counts: The total number of operating rigs in Canada for the week ending February 28th was 177 oil and 71 gas (totaling 248). In percentage terms, on a month on month (m/m) basis, oil rigs were down 4.8% and gas down 1.4%. On a year on year (y/y) comparison, rigs were up 22.9% for oil and down 18.4 for gas. The combined figure for y/y was -18.4% or +17 rigs.
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