Baker Hughes: North America Rig Count Rises by 7

Baker Hughes: North America Rig Count

MIAMI, FL (DTN) — The North American rig count climbed this week, led by a jump in Canadian drilling activity, while U.S. totals saw a modest increase, according to data released Friday by Baker Hughes.

The number of rigs operating in the United States rose by one to 537, down by 45 rigs from the same week last year.

Oil-directed rigs increased by two to 414, while gas rigs edged down by one to 118. Miscellaneous rigs held steady at five.

Land-based drilling rose by one to 522 rigs. Offshore activity remained unchanged at 13 for a fifth straight week, and inland waters held flat at two. The Gulf of Mexico rig count was steady at 10.

Canada’s rig count increased by six to 181, driven by a three-rig gain in oil and a three-rig gain in gas. The total remains 39 rigs below the level reported in the same week last year.

The combined North American rig count rose by seven to 718, 84 rigs below the 802 counted in the corresponding week of 2024.