Baker Hughes: North America Rig Count Down 11 on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity fell by 11 
rigs this week, after the prior week's two-rig climb, according to Baker 
Hughes' weekly rig count report released Friday (2/27).

   The report showed the regional rig count at 754 in the current week, versus 
775 the week prior. Year-over-year, rigs for Canada and the U.S. combined were 
down 77 from the 841 actively deployed in the same week of 2025.

   As with the recent trend, this week's change was driven almost entirely by 
Canada, where the rig count fell by 10 to stand at 214, from a prior 224.  
Eight of the rigs that Canada lost were in oil drilling while the balance two 
were in gas.

   The U.S. rig count itself fell by one to 550. Land-based U.S. rigs rose by 
one to 531 but offshore rigs and inland-water rigs both dipped by one each, to 
531 and 17, respectively. That left the net U.S. count down by one.

   By trajectory, horizontal rigs and directional rigs in the U.S. were both 
unchanged while vertical rigs dipped by one to 13. Year-over-year, the U.S. rig 
count was lower by 43 from the 593 actively deployed a year ago.




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