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- Canada and United States Rig Activity, 1Q25 Earnings Calendar, as of 5/9/25
Canada and United States Rig Activity, 1Q25 Earnings Calendar, as of 5/9/25
E&P | Canada & United States | Rig Activity
Patrick Enwright
May 12, 2025
Recent Notes
US E&Ps Enter the Breakeven "Dead Zone"? A Look Ahead for FANG, PR, and MTDR (link)
New to the newsletter? Check out the archive (here) to review prior rig count and research notes.
Baker Hughes Rig Count, as of 5/9/25
Weekly Metrics | Canada | United States |
|---|---|---|
Rig Count, Current Week | 113 | 524 |
Rig Count, Last Week | 119 | 527 |
Rig Adds | SE AB (+1) | Appalachia (+1), Permian-Midland (+2) |
Rig Reductions | NW AB (-1), Foothills (-3), Central AB (-1), SW SK (-1), SE SK (-1) | Anadarko (-1), Permian-New Mexico (-4), Niobrara(-1) |
1Q25 Canadian E&P Conference Calls
Paramount Resources Ltd. (POU), May 13, 10:00AM MT
Birchcliff Energy Ltd. (BIR), May 14, TBD
Peyto Exploration & Development Corp. (PEY), May 14, TBD
Strathcona Resources Ltd. (SCR), TBD
Veren Inc. (VRN), TBD
Rig Count by Canadian-based E&P (as categorized by OilGasPages.com)
Weekly Metrics | Canadian E&Ps Covered, as of 5/9/25 |
|---|---|
Rig Count, Current Week | 66 |
Rig Count, Last Week | 766 |
Rig Count Leaders | CNQ (11), CVE (7), ARX (7), TOU (5), POU (4), WCP (4) |
Rig Adds, by E&P | CNQ (+1), BTE (+1), OVV (+1), PEY (+1), NVA (+1), |
Rig Reductions, by E&P | CVE (-1), VRN (-1), COP (-1), IMO (-1), SU (-1) |
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1Q25 US E&P Conference Calls
High Peak Energy Inc. (HPK), May 13, 9:00AM MT (link)
Rig Count by United States-based E&P (as categorized by OilGasLeads.com)
Weekly Metrics | USA E&Ps Covered, as of 5/9/25 |
|---|---|
Rig Count, Current Week | 292 |
Rig Count, Last Week | 298 |
Rig Count Leaders | XOM (36), OXY (31), COP (29), EOG (24), FANG (22) |
Rig Adds, by E&P | None |
Rig Reductions, by E&P | COP (-1), PR (-1), OVV (-1), EXE (-1), RRC (-1), CRGY (-1) |
United States Frac Spreads (as tabulated by The American Oil & Gas Reporter)
Frac spread activity for the week of 5/9/25 was 195, down from the previous week (201).
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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