Canada and United States Rig Activity, as of 10/11/24

Canada and United States Rig Activity, as of 10/11/24

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Baker Hughes Rig Count

• Current week total rig activity was at 217, down from 221 rigs the previous week

• Rig adds were in NE BC (+2)

• Rig reductions were in East-Central AB (-1), SE AB (-2), Central SK (-1), SE SK (-2)

Rig Count by E&P

• Rig activity for the week of 10/11/24 by Canadian Companies Mentioned totaled 100, up from 93 rigs from the prior week

• Rig count leaders by E&P include CVE (15), TOU (13), CNQ (13), VRN (9), WCP (7)

• Rig adds included CNQ (+4), TOU (+1), VRN (+1), ARX (+1), MEG (+1), SU (+1)

• Rig reductions included WCP (-1), BTE (-1), IMO (-1)

• Among US-based E&Ps operating in Canada, COP is operating 3 rigs, up from 2 rigs, while OVV continues operating 3 rigs

United States Baker Hughes Rig Count (as of 10/11/24)

• Current week total rig activity was at 586, up from 585 rigs the previous week

• Rig adds were in the Anadarko (+3), and Eagle Ford (+1)

• Rig reductions were in the Marcellus (-2) and Other - Oklahoma

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

• Rig activity for the week of 9/29/24 by Companies Mentioned totaled 273, down from 278 the previous week.

• Rig count leaders by E&P, and aggregated by proposed merger include XOM (37), COP/MRO (28), EOG (24), OXY (23), DVN (23), CVX (22) and FANG (21)

• No rig adds this week

• Rig reductions were CVX (-1), CIVI (-1) and CHRD (-3)

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

• Frac spread activity for the week of 10/11/24 was 241, up 5 frac spreads from the previous week (236).

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)

• Chesapeake Energy Corporation (CHK)

• Southwestern Energy Company (SWN)

• 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)

• Endeavor Energy Resources, LP (Private)

• Marathon Oil Corporation (MRO)

• 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.}