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Canada and United States Rig Activity, 1Q25 Earnings Calendar, as of 04/18/25
E&P | Canada & United States | Rig Activity
Patrick Enwright
April 21, 2025
New to the newsletter? Check out the archive (here) to review prior rig count and research notes.
Baker Hughes Rig Count, as of 4/18/25
Weekly Metrics | Canada | United States |
|---|---|---|
Rig Count, Current Week | 132 | 530 |
Rig Count, Last Week | 137 | 526 |
Rig Adds | NE BC (+2), Central AB (+1) | Appalachia (+3), Eagle Ford (+1), Haynesville (+1) |
Rig Reductions | Foothills (-2), East Central AB (-2), Central SK (-2), and SE SK (-1) | Anadarko (-1) |
1Q25 Canadian E&P Conference Calls
Whitecap Resources (WCP), April 24, 9:00AM MT (link)
Vermilion Energy Inc. (VET), May 7, 3:00PM MT (link)
Imperial Oil Resources (IMO), May 2, 9:00AM MT (link)
ARC Resources Ltd. (ARX), May 2, TBD
Baytex Energy Ltd. (BTE), May 6, 9:00AM MT (link)
MEG Energy Corp. (MEG), May 6, TBD
Tamarack Valley Energy Ltd. (TVE), May 7, 9:30AM MT (link)
Canadian Natural Resources Limited (CNQ), May 8, 7:00AM MT (link)
Athabasca Oil Corporation (ATH), May 8, 8:00AM MT (link)
Tourmaline Oil Corp. (TOU), May 8, 9:00AM MT (link)
NuVista Energy Ltd. (NVA), May 9, TBD
Paramount Resources Ltd. (POU), May 13, 10:00AM MT
Birchcliff Energy Ltd. (BIR), May 14, TBD
Peyto Exploration & Development Corp. (PEY), May 14, TBD
Advantage Energy Ltd. (AAV), TBD
Cenovus Energy Inc. (CVE), TBD
Strathcona Resources Ltd. (SCR), TBD
Suncor Energy Inc. (SU), TBD
Veren Inc. (VRN), TBD
Rig Count by E&P (as categorized by OilGasPages.com)
Weekly Metrics | Canadian E&Ps Covered, as of 4/18/25 |
|---|---|
Rig Count, Current Week | 85 |
Rig Count, Last Week | 88 |
Rig Count Leaders | CNQ (11), TOU (9, CVE (9), VRN (7), ARX (7) |
Rig Adds, by E&P | CVE (+2), ARX (+1), WCP (+1), PEY (+1), IMO (+1) |
Rig Reductions, by E&P | VRN (-3), TOU (-2), TVE (-2), BIR (-1), SU (-1) |
1Q25 US E&P Conference Calls
Range Resources Corporation (RRC), April 23, 7:00AM MT (link)
EQT Corporation (EQT), April 23, 8:00AM MT (link)
CNX Resources Corporation (CNX), April 24, 8:00AM MT (link)
Matador Resources Company (MTDR), April 24, 9:00AM MT (link)
Expand Energy (EXE), April 30, 7:00AM MT (link)
Antero Resources Corporation (AR), May 1, 9:00AM MT (link)
Magnolia Oil & Gas Corporation (MGY), May 1, 9:00AM MT (link)
Comstock Resources, Inc. (CRK), May 1, 10:00AM MT (link)
Exxon Mobil Corporation (XOM), May 2, 7:30AM MT (link)
EOG Resources, Inc. (EOG), May 2, 8:00AM MT (link)
SM Energy Company (SM), May 2, 8:00AM MT (link)
Chevron Corporation (CVX), May 2, 9:00AM MT (link)
Diamondback Energy, Inc. (FANG), May 6, 7:00AM MT (link)
Coterra Energy Inc. (CTRA), May 6, 8:00AM MT (link)
Crescent Energy Company (CRGY), May 6, 9:00AM MT (link)
Ovintiv Canada Ulc (OVV), May 7, 8:00AM MT (link)
Devon Energy Corporation (DVN), May 7, 9:00AM MT (link)
Civitas Resources Inc. (CIVI), May 8, 6:30AM MT (link)
Murphy Oil Corp (MUR), May 8, 7:00AM MT (link)
Permian Resources Corporation (PR), May 8, 8:00AM MT (link)
APA Corporation (APA), May 8, 8:00AM MT (link)
ConocoPhillips Canada Resources Corp. (COP), May 8, 10:00AM MT (link)
Occidental Petroleum Corporation (OXY), May 8, 11:00AM MT (link)
Chord Energy Corporation (CHRD), TBD
High Peak Energy Inc. (HPK), TBD
Rig Count by E&P (as categorized by OilGasLeads.com)
Weekly Metrics | USA E&Ps Covered, as of 4/18/25 |
|---|---|
Rig Count, Current Week | 294 |
Rig Count, Last Week | 289 |
Rig Count Leaders | XOM (37), OXY (31), COP (29), EOG (24), FANG (22) |
Rig Adds, by E&P | OXY (+2), FANG (+1), EXE (+2), CIVI (+2), CRK (+3) |
Rig Reductions, by E&P | XOM (-1), COP (-2), MTDR (-1), MUR (-1) |
United States Frac Spreads (as tabulated by The American Oil & Gas Reporter)
Frac spread activity for the week of 4/18/25 was 200, up from the previous week (200).
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)
Veren Inc. (VRN)
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)
MEG Energy Corp. (MEG)
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)
Civitas Resources Inc. (CIVI)
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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