Canada and United States Rig Activity, 12/28/25

E&P | Canada & United States | Rig Activity

Baker Hughes Rig Count, as of 12/24/25

Weekly Metrics

Canada

United States

Rig Count, Current Week

116

476

Rig Count, Last Week

184

473

Rig Adds

None

Anadarko (+1), Permian-Midland (+2), Eagle Ford (+1)

Rig Reductions

NE BC (-5), Foothills (-6), Central AB (-1), East Central AB (-9), NE AB (-30), SW SK (-1), Central SK (-9), SE SK (-6), MB (-1)

Permian-NM (-1)

Rig Count by Canadian-based E&P (as categorized by OilGasPages.com)

Weekly Metrics

Canadian E&Ps Covered, as of 12/28/25

Rig Count, Current Week

71

Rig Count, Last Week

104

Rig Count Leaders

CNQ (18), TOU (14), WCP (9), ARX (5), OVV (4)

Rig Adds, by E&P

CNQ (+2)

Rig Reductions, by E&P

WCP (-7), ARX (-3), PEY (-3), POU (-1), SCR (-1), CVE (-12), TVE (-3), SU (-1), ATH (-1), BTE (-1)

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Rig Count by United States-based E&P (as categorized by OilGasLeads.com)

Weekly Metrics

USA E&Ps Covered, as of 12/26/25

Rig Count, Current Week

264

Rig Count, Last Week

263

Rig Count Leaders

XOM (35), OXY (26), EOG (23), COP (22), DVN (21)

Rig Adds, by E&P

OXY (+2), COP (+2), DVN (+1), SM (+1), CTRA (+1), CRGY (+1), CRK (+1), OVV (+1)

Rig Reductions, by E&P

XOM (-2), EOG (-2), FANG (-3), PR (-1), MTDR (-1)

United States Frac Spreads (as tabulated by The American Oil & Gas Reporter)

Frac spread activity for the week of 12/24/25 was 154, down from the previous week (160).

Canada & United States Companies Mentioned

  • Tourmaline Oil Corp. (TOU)

  • Canadian Natural Resources Limited (CNQ)

  • Cenovus Energy Inc. (CVE)

  • ARC Resources Ltd. (ARX)

  • Baytex Energy Ltd. (BTE)

  • Peyto Exploration & Development Corp. (PEY)

  • Tamarack Valley Energy Ltd. (TVE)

  • Whitecap Resources (WCP)

  • Paramount Resources Ltd. (POU)

  • Birchcliff Energy Ltd. (BIR)

  • Vermilion Energy Inc. (VET)

  • NuVista Energy Ltd. (NVA)

  • Suncor Energy Inc. (SU)

  • Strathcona Resources Ltd. (SCR)

  • Advantage Energy Ltd. (AAV)

  • Imperial Oil Resources (IMO)

  • Athabasca Oil Corporation (ATH)

  • Matador Resources Company (MTDR)

  • Expand Energy (EXE)

  • Antero Resources Corporation (AR)

  • Magnolia Oil & Gas Corporation (MGY)

  • Comstock Resources, Inc. (CRK)

  • Exxon Mobil Corporation (XOM)

  • EOG Resources, Inc. (EOG)

  • SM Energy Company (SM)

  • Chevron Corporation (CVX)

  • Diamondback Energy, Inc. (FANG)

  • Coterra Energy Inc. (CTRA)

  • Crescent Energy Company (CRGY)

  • Ovintiv Canada Ulc (OVV)

  • Devon Energy Corporation (DVN)

  • Murphy Oil Corp (MUR)

  • Permian Resources Corporation (PR)

  • APA Corporation (APA)

  • ConocoPhillips Canada Resources Corp. (COP)

  • Occidental Petroleum Corporation (OXY)

  • Chord Energy Corporation (CHRD)

  • High Peak Energy Inc. (HPK)

Disclaimer: All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Patrick Enwright accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Patrick Enwright makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained.

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