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Canada and United States Rig Activity, as of 03/08/25
E&P | Canada & United States | Rig Activity
Patrick Enwright
March 10, 2025
In partnership with
Recent Notes
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Baker Hughes Rig Count, as of 3/8/25
Weekly Metrics | Canada | United States |
|---|---|---|
Rig Count, Current Week | 246 | 534 |
Rig Count, Last Week | 232 | 536 |
Rig Adds | NE BC (+1), NW AB (+2), NE AB (+2), East Central AB (+3), Central AB (+1), SW SK (+2), Central SK (+2), SE SK (+1) | Permian (+1) |
Rig Reductions | None | Eagle Ford (-1) |
4Q24 Earnings Presentation, Canadian E&Ps
Peyto Exploration & Development Corp. (PEY), March 12, Time: TBD (Link)
Rig Count by E&P (as categorized by OilGasPages.com)
Weekly Metrics | Canadian E&Ps Covered, as of 3/8/25 |
|---|---|
Rig Count, Current Week | 131 |
Rig Count, Last Week | 127 |
Rig Count Leaders | TOU (15), CVE (14), WCP (14), CNQ (11), VRN (9), BTE (8), SCR (8) |
Rig Adds, by E&P | WCP (+2), ARX (+1), SCR (+1), VET (+1), OVV (+1), SU (+2), MEG (+1), IMO (+1), ATH (+1) |
Rig Reductions, by E&P | CNQ (-2), CVE (-2), VRN (-1), POU (-1), BTE (-1) |
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4Q24 Earnings Presentation, USA E&Ps
High Peak Energy Inc. (HPK), March 11, 9:00AM MT (Link)
Rig Count by E&P (as categorized by OilGasLeads.com)
Weekly Metrics | USA E&Ps Covered, as of 3/8/25 |
|---|---|
Rig Count, Current Week | 296 |
Rig Count, Last Week | 297 |
Rig Count Leaders | XTO (38), COP (32), OXY (29), EOG (25), DVN (23) |
Rig Adds, by E&P | EXE (+1), CIVI (+1), CRK (+3), HPK (1) |
Rig Reductions, by E&P | XOM (-1), EOG (-1), DVN (-1), CVX (-1), MUR (-1) |
United States Frac Spreads (as tabulated by The American Oil & Gas Reporter)
Frac spread activity for the week of 3/8/25 was 210, down from the previous week (214).
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)
MEG Energy Corp. (MEG)
Imperial Oil Resources (IMO)
Athabasca Oil Corporation (ATH)
ConocoPhillips Canada Resources Corp. (COP)
Ovintiv Canada Ulc (OVV)
Murphy Oil Corp (MUR)
Exxon Mobil Corporation (XOM)
Chevron Corporation (CVX)
Expand Energy (EXE)
EOG Resources, Inc. (EOG)
EQT Corporation (EQT)
Occidental Petroleum Corporation (OXY)
Coterra Energy Inc. (CTRA)
Devon Energy Corporation (DVN)
Antero Resources Corporation (AR)
Diamondback Energy, Inc. (FANG)
APA Corporation (APA)
Range Resources Corporation (RRC)
Comstock Resources, Inc. (CRK)
Permian Resources Corporation (PR)
Matador Resources Company (MTDR)
Civitas Resources Inc. (CIVI)
CNX Resources Corporation (CNX)
Chord Energy Corporation (CHRD)
Magnolia Oil & Gas Corporation (MGY)
SM Energy Company (SM)
Crescent Energy Company (CRGY)
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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