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Canada and United States Rig Activity, CA & US 2Q25 Earnings Calendar as of 7/25/25

E&P | Canada & United States | Rig Activity

Author

Patrick Enwright
July 26, 2025

Baker Hughes Rig Count, as of 7/25/25

Weekly Metrics

Canada

United States

Rig Count, Current Week

181

483

Rig Count, Last Week

171

486

Rig Adds

NE BC (+1), NW AB (+1), Foothills (+1), NE AB (+4) Central AB (+2), SE SK (+1)

Haynesville (+1), Appalachia (+2)

Rig Reductions

East None

Eagle Ford (-2), Permian-Midland (-2), Permian-Eddy (-1), Anadarko (-1)

2Q25 Canadian E&P Earnings Calls

  • Paramount Resources Ltd. (POU), July 30, Time: Before Market Open)

  • Tamarack Valley Energy Ltd. (TVE), July 30, 9:30AM MT (link)

  • Tourmaline Oil Corp. (TOU), July 31, 9:00AM MT (link)

  • Cenovus Energy Inc. (CVE), July 31, 9:00AM MT (link)

  • ARC Resources Ltd. (ARX), August 1, 8:00AM MT (link)

  • Baytex Energy Ltd. (BTE), August 1, 9:00AM MT (link)

  • Imperial Oil Resources (IMO), August 1, 9:00AM MT (link)

  • MEG Energy Corp. (MEG), August 1, 6:30AM MT (link)

  • Suncor Energy Inc. (SU), August 6, 7:30AM MT (link)

  • Advantage Energy Ltd. (AAV), August 6, Time: TBD

  • NuVista Energy Ltd. (NVA), August 7, Time: TBD

  • Canadian Natural Resources Limited (CNQ), August 7, 9:00AM MT (link)

  • Vermilion Energy Inc. (VET), August 8, 9:00AM MT (link)

  • Strathcona Resources Ltd. (SCR), August 8, 9:00AM MT (link)

  • Birchcliff Energy Ltd. (BIR), August 13, Time: TBD

  • Peyto Exploration & Development Corp. (PEY), August 13, Time: TBD

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

Weekly Metrics

Canadian E&Ps Covered, as of 7/25/25

Rig Count, Current Week

99

Rig Count, Last Week

98

Rig Count Leaders

TOU (17), CVE (17), CNQ (12), WCP (10), ARX (8)

Rig Adds, by E&P

CVE (+1), OVV (+1), POU (+1)

Rig Reductions, by E&P

CNQ (-1), COP (-1)

2Q25 US E&P Earnings Calls

  • Expand Energy (EXE), July 30, 7:00AM MT (link)

  • Antero Resources Corporation (AR), July 31, 9:00AM MT (link)

  • Magnolia Oil & Gas Corporation (MGY), July 31, 9:00AM MT (link)

  • Comstock Resources, Inc. (CRK), July 31, 9:00AM MT (link)

  • SM Energy Company (SM), July 31, 2:15PM MT (link)

  • Exxon Mobil Corporation (XOM), August 1, 7:30AM MT (link)

  • EOG Resources, Inc. (EOG), August 8, 8:00AM MT (link)

  • Chevron Corporation (CVX), August 1, 8:00AM MT (link)

  • Diamondback Energy, Inc. (FANG), August 5, 7:00AM MT (link)

  • Coterra Energy Inc. (CTRA), August 5, 8:00AM MT (link)

  • Crescent Energy Company (CRGY), August 5, 9:00AM MT (link)

  • Devon Energy Corporation (DVN), August 6, 9:00AM MT (link)

  • Civitas Resources Inc. (CIVI), August 7, 6:00AM MT (link)

  • Murphy Oil Corp (MUR), August 7, 7:00AM MT (link)

  • Permian Resources Corporation (PR), August 7, 8:00AM MT (link)

  • APA Corporation (APA), August 7, 9:00AM MT (link)

  • Chord Energy Corporation (CHRD), August 7, 9:00AM MT (link)

  • ConocoPhillips Canada Resources Corp. (COP), August 7, 10:00AM MT (link)

  • Occidental Petroleum Corporation (OXY), August 7, 11:00AM MT (link)

  • High Peak Energy Inc. (HPK), TBD

Rig Count by United States-based E&P (as categorized by OilGasLeads.com)

Weekly Metrics

USA E&Ps Covered, as of 7/25/25

Rig Count, Current Week

274

Rig Count, Last Week

277

Rig Count Leaders

XOM (41), OXY (27), COP (26), EOG (25), FANG (20)

Rig Adds, by E&P

XOM (+1), OXY (+1), FANG (+2), CTRA (+1), MTDR (+1), EQT (+1)

Rig Reductions, by E&P

COP (-1), EOG (-2), DVN (-1), CVX (-1), EXE (-1), CIVI (-2), OVV (-1), BTE (-1)

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

Frac spread activity for the week of 7/25/25 was 174, down from the previous week (168).

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)

  • 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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