Canada and United States Rig Activity, as of 03/22/25

E&P | Canada & United States | Rig Activity

Author

Patrick Enwright
March 24, 2025

New to the newsletter? Check out the archive (here) to review prior rig count and research notes.

Baker Hughes Rig Count, as of 3/22/25

Weekly Metrics

Canada

United States

Rig Count, Current Week

178

535

Rig Count, Last Week

197

534

Rig Adds

NE BC (+1)

Anadarko (+3)

Rig Reductions

Foothills (-6), NE AB (-1), NW AB (-3), SE AB (-2), Central AB (-1), Central SK (-3), SE SK (-4)

Permian (-1), Bakken (-1)

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

Weekly Metrics

Canadian E&Ps Covered, as of 3/22/25

Rig Count, Current Week

107

Rig Count, Last Week

121

Rig Count Leaders

TOU (16), CNQ (14), CVE (11), VRN (10), WCP (6), ARX (7)

Rig Adds, by E&P

CNQ (+1), VRN (+1)

Rig Reductions, by E&P

CVE (-5), TOU (-2), WCP (-2), SCR (-2), BTE (-2), SU (-1), AAV (-1), IOL (-1)

Rig Count by E&P (as categorized by OilGasLeads.com)

Weekly Metrics

USA E&Ps Covered, as of 3/22/25

Rig Count, Current Week

289

Rig Count, Last Week

293

Rig Count Leaders

XTO (38), COP (31), OXY (28), EOG (25), DVN (23)

Rig Adds, by E&P

CRGY (+1)

Rig Reductions, by E&P

COP (-1), OXY (-1), DVN (-1), SM (-1), CIVI (-1)

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

  • Frac spread activity for the week of 3/22/25 was 215, up from the previous week (212).

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)

  • 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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