Service & Supply | Rig Count | Oilfield Services | Drilling Contractor
Rig Loss Slowing Down as Rig Count Remains Flat
Print
|
According to Baker Hughes' October 23, 2015 rig count report, rigs counts stabilized across the domestic market while Canada and the International markets posted gains.
The rig loss rate may finally be slowing down this week. The Utica saw the return of 2 rigs to the play, and the Eagle Ford saw 1 rig added. The Marcellus lost 3 rigs, the Permian continues its rig drop, losing four rigs, and the Miss Lime lost 2 rigs this week.
The U.S. rig count remained flat this week, posting no loss or gain. The total year-over-year (YOY) rig count drop to 1,140.
The current active rig count in the U.S. is 787.
- Niobrara 0, 27 total
- Barnett 0, 6 total
- Eagle Ford +1, 77 total
- Marcellus -3, 43 total
- Bakken 0, 64 total
- Utica +2, 22 total
- Permian -4, 229 total
- Woodford 0, 36 total
- Miss…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Rig Count News
SM Energy Hits Record Output; Driven by Uinta
In Q2 2025, SM Energy (NYSE: SM) delivered a performance that underscored its evolution from a mid-cap E&P into a streamlined, tech-enabled operator executing a multibasin optimization strategy.…
EQT Provides an Update on Rigs & Frac Crews, Post Recent Transaction
All guidance items exclude the impact of the pending Olympus Energy Acquisition. 2025 Guidance Production Q2 2025 Full Year 2025 Total sales volume (Bcfe) 520 – 570 2,200…
These Permian Companies Will Frac 3600 Wells In 2025, Using 160 Rigs & 55 Frac Crews
It's that time of the year again when we collect & report drilling & completions plans for 2025. This includes Wells planned to complete/frac , Rig Count and…
Appalachia E&P Details 2025, Rig, Wells & Completion Crew Programs
The appalachian operators/E&Ps detailed their 2025 well development plans. Here is a look at 2024, vs 2025.
Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead.
Patterson-UTI provided some info on its annual survey during the most recent earnings calls. The company said "As part of our 2023 planning process, we recently completed a…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
North America News
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Cenovus Outlines 2026 Development Plan Following MEG Integration
Cenovus’ 2026 plan targets capital investment of $5.0 billion to $5.3 billion (including ~$350 million of capitalized turnaround costs) and upstream production of 945,000 BOE/d to 985,000 BOE/d,…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…