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Canada & United States Weekly Rig Count, 2Q24 US E&P Calendar, as of 7/12/24

E&P | Canada & United States | Weekly Rig Activity

Author

Patrick Enwright
July 15, 2024

Interested in the release dates for 2Q24 earnings calls among US E&Ps and Oilfield Distributors? Jump to here.

Canada Weekly Rig Count as of 7/12/24

Baker Hughes Rig Count

  • Current week total rig activity was at 186, down from 172 rigs the previous week (+14 rigs)

  • Rig adds were in NE BC (+1), NW AB (+1), Foothills (+5), East-Central AB (+5) and Central SK (+4)

  • Rig reductions were in SE AB (-1) and SE SK (-1)

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

  • Rig activity for the week of 7/12/24 by Canadian Companies Mentioned totaled 86, up from 79 rigs from the prior week

  • Rig count leaders by E&P include CNQ (14), TOU (13), CVE (10), WCP (9), BTE (5), POU (5)

  • Rig adds were WCP (+4), CNQ (+1), TOU (+1), CVE (+1), POU (+1), TVE (+1)

  • Rig reductions were ARX (-1), VRN (-1), SU (-1)

  • Among US-based E&Ps operating in Canada, COP added +1 rig (3) while OVV remained steady at 3.

Interested in prior rig count and research notes? Check out the archive (here).

United States Baker Hughes Rig Count (as of 7/12/24)

  • Current week total rig activity was at 584, down -1 rig from 585 rigs the previous week

  • Rig adds were the Anadarko (+1)

  • Rig reductions were in the Eagle Ford (-1) and Other, Utah (-1)

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

  • Rig activity for the week of 6/23/24 by Companies Mentioned totaled 328, down from 333 the previous week.

  • Rig count leaders by E&P, and aggregated by proposed merger include XOM (40), COP/MRO (40), DVN/Grayson Mill (31), OXY/Crownrock (30), CVX (22), FANG/Endeavor (22)

  • No rig adds this week.

  • Rig reductions were OXY/Crownrock (-1), PR (-1), CHRD/BTE (-1)

2Q24 Earnings Call Calendar

United States E&Ps

  • EQT Corporation (EQT), Earnings Call 7/24/24 09:00 CT (link)

  • Matador Resources (MTDR), Earnings Call 7/24/24 10:00 CT (link)

  • Range Resources (RRC), Earnings Call 7/24/24 08:00 CT (link)

  • CNX Resources Corporation (CNX), Earnings Call 7/25/24 09:00 CT (link)

  • Ovintiv (OVV), Earnings Call 7/31/24 09:00 CT (link)

  • Comstock Resources, Inc. (CRK), Earnings Call 7/31/24 10:00 CT (link)

  • ConocoPhillips (COP), Earnings Call 8/1/24 11:00 CT (link)

  • APA Corporation (APA), Earnings Call 8/1/24 10:00 CT (link)

  • Magnolia Oil & Gas (MGY), Earnings Call 8/1/24 10:00 CT (link)

  • Exxon Mobil Corporation (XOM), Earnings Call 8/2/24 07:30 CT (link)

  • Chevron Corporation (CVX), Earnings Call 8/2/24 10:00 CT (link)

  • EOG Resources, Inc. (EOG), Earnings Call 8/2/24 09:00 CT (link)

  • Coterra Energy Inc. (CTRA), Earnings Call 8/2/24 08:00 CT (+1 (646) 307-1963, Conference ID: 8017228)

  • Civitas Resources Inc. (CIVI), Earnings Call 8/2/24 10:00 CT (link)

  • Diamondback Energy, Inc. (FANG), Earnings Call 8/6/24 08:00 CT (link)

  • Devon Energy Corporation (DVN), Earnings Call 8/7/24, 10:00 CT (link)

  • Antero Resources Corporation (AR), Earnings Call 8/8/24, 10:00 CT (link)

  • Murphy Oil Corp (MUR), Earnings Call 8/8/24 08:00 CT (link)

  • Occidental Petroleum Corporation (OXY), Earnings Call 8/8/24, 12:00 CT (Dial In: 1-866-871-6512)

Oilfield Distributors

  • NOW Inc. (NOW), Earnings Call 8/7/24 08:00 CT (link)

  • MRC Global Inc. (MRC), Earnings Call 8/7/24 09:00 CT (link)

  • Russel Metals Inc. (RUS), Earnings Call TBD

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.

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