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Baker Hughes Rig Count, as of 1/25/26
Weekly Metrics | Canada | United States |
|---|---|---|
Rig Count, Current Week | 229 | 476 |
Rig Count, Last Week | 224 | 473 |
Rig Adds | Foothills (+3), Central AB (+1), NE AB (+5), Central SK (+1), SE SK (+1) | Niobrara (+3), Anadarko (+1) |
Rig Reductions | NE BC (-1), NW AB (-4), East Central AB (-1) | Haynesville (-1) |
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4Q25/FY25 CA E&P Earnings Calls
Imperial Oil Resources (IMO), January 30 (link)
Suncor Energy Inc. (SU), February 3 (link)
Birchcliff Energy Ltd. (BIR), February 11
Whitecap Resources Inc. (WCP), February 23
Tamarack Valley Energy Ltd. (TVE), February 25
Baytex Energy Ltd. (BTE), March 3
Paramount Resources Ltd. (POU), March 3
Tourmaline Oil Corp. (TOU), March 4
Vermilion Energy Inc. (VET), March 5
Peyto Exploration & Development Corp. (PEY), March 11
Advantage Energy Ltd. (AAV), TBD
Cenovus Energy Inc. (CVE), TBD
Strathcona Resources Ltd. (SCR), TBD
Canadian Natural Resources Limited (CNQ), TBD
ARC Resources Ltd. (ARX), TBD
Rig Count by Canadian-based E&P (as categorized by OilGasPages.com)
Weekly Metrics | Canadian E&Ps Covered, as of 01/25/26 |
|---|---|
Rig Count, Current Week | 129 |
Rig Count, Last Week | 81 |
Rig Count Leaders | CNQ (20), CVE (16), WCP (15), TOU (15), ARX (7) |
Rig Adds, by E&P | CNQ (+3), CVE (+11), WCP (+1), TOU (+2), ARX (+3), SCR (+5), BTE (+6), SU (+7), PEY (+1), TVE (+5), COP (+2), AAV (+1), MUR (+1) |
Rig Reductions, by E&P | OVV (-1), POU (-1) |
4Q25/FY25 US E&P Earnings Calls
Murphy Oil Corp (MUR), January 29, 7:00AM MT (link)
CNX Resources Corp. (CNX), January 29, 8:00AM MT (link)
Exxon Mobil Corporation (XOM), January 30, 7:30AM MT (link)
Chevron Corporation (CVX), January 30, 9:00AM MT (link)
ConocoPhillips Canada Resources Corp. (COP), February 5, 10:00AM MT (link)
Magnolia Oil & Gas Corporation (MGY), February 6, 9:00AM MT (link)
Comstock Resources, Inc. (CRK), February 12, 9:00AM MT (link)
Antero Resources Corporation (AR), February 12, 9:00AM MT (link)
Devon Energy Corporation (DVN), February 18, 9:00AM MT (link)
Occidental Petroleum Corporation (OXY), February 19, 11:00AM MT (link)
Diamondback Energy, Inc. (FANG), February 24, 7:00AM MT (link)
Ovintiv ULC (OVV), February 24 9:00AM MT (link)
Matador Resources Company (MTDR), February 25, 9:00AM MT (link)
EOG Resources, Inc. (EOG), February 25, 8:00AM MT (link)
Permian Resources Corporation (PR), February 26, 8:00AM MT (link)
Crescent Energy Company (CRGY), February 26, 9:00AM MT (link)
APA Corporation (APA), February 26, 9:00AM MT (link)
Range Resources (RRC), TBD
Expand Energy (EXE), TBD
Coterra Energy Inc. (CTRA), TBD
Chord Energy Corporation (CHRD), TBD
SM Energy Company (SM), TBD
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 1/25/26 |
|---|---|
Rig Count, Current Week | 267 |
Rig Count, Last Week | 260 |
Rig Count Leaders | XOM (37), OXY (26), EOG (23), COP (21), DVN (18), FANG (18), |
Rig Adds, by E&P | XOM (+1), FANG (+1), CVX (+3), SM (+1), EXE (+2), CRK (+1), MUR (+1) |
Rig Reductions, by E&P | DVN (-1), OVV (-2) |
United States Frac Spreads (as tabulated by The American Oil & Gas Reporter)
Frac spread activity for the week of 1/25/26 was 163, up from the previous week (160).
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)
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)
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.
