Energy
North America rig count rises for third consecutive week
North America added 11 active drilling rigs week-on-week, bringing the regional total to 825, according to Baker Hughes data.
Key points
- North America's total rig count reached 825 in the latest Baker Hughes report.
- The United States added five rigs while Canada added six.
- The regional count is up by 85 rigs compared to levels recorded one year ago.
What happened
North America recorded an increase in its active drilling rig count for the third consecutive week, according to data published by Baker Hughes on October 9. The regional total rose by 11 units week-on-week to reach 825.
The United States contributed five additional rigs to bring its national total to 603, while Canada added six rigs to reach 222. The latest figures show that the U.S. total comprises 590 land rigs, 12 offshore units, and one inland water rig.
Why it matters
Rig counts serve as an important business barometer for the drilling industry and its supply chain. The latest figures indicate a modest upward trend following months of fluctuating activity across major North American basins, with the regional total standing 85 rigs higher than levels recorded a year ago.
According to Baker Hughes, the U.S. total includes 462 oil-directed rigs and 132 gas-directed rigs. State-level data showed increases in Texas, Louisiana, and New Mexico, while the Permian and Haynesville basins led regional gains.
What comes next
Industry analysts and investors will continue to monitor weekly rotary rig reports to assess drilling momentum across North America amid shifting market conditions.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
CEII follows developments across the world’s energy system and connects them to the data behind them.
Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
