View Block
Market Update
View Block
August 2025
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.
Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending February 28th was 486 oil and 102 gas (totaling 588). In percentage terms, on a month on month (m/m) basis, oil rigs were up 1.5% and gas up 4.1%. On a year on year (y/y) comparison, rigs were down 4.0% for oil and down 14.3% for gas. The combined figure for y/y was -5.7%, or -36 rigs.
February 2025
Oil and Gas Rotary Rig Counts: The total number of operating rigs in Canada for the week ending January 31st was 186 oil and 72 gas (totaling 258). In percentage terms, on a month on month (m/m) basis, oil rigs were up 322.7% and gas up 44.0%. On a year on year (y/y) comparison, rigs were up 31.9% for oil and down 20.9 for gas. The combined figure for y/y was +11.2% or +26 rigs.
Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending January 31st was 479 oil and 98 gas (totaling 577). In percentage terms, on a month on month (m/m) basis, oil rigs were down 0.6% and gas down 4.9%. On a year on year (y/y) comparison, rigs were down 4.0% for oil and down 16.2% for gas. The combined figure for y/y was -6.0%, or -37 rigs.