United States: The U.S. rig count decreased to 576, down by 4 rigs from last week and 45 rigs year-over-year. The trend highlights ongoing challenges in maintaining operational rig levels across the country.
Canada: Canada’s rig activity saw a significant increase, rising by 16 rigs this week to reach 245, marking a 15-rig increase compared to last year. This growth reflects robust winter drilling activity in Canada’s energy sector.
International: The international rig count remains stable at 909, with a monthly drop of 10 rigs and a year-over-year decline of 46 rigs. This consistency underscores steady global exploration and production efforts.
Why Rig Counts Matter
Rig count trends offer key insights into energy market dynamics, investment levels, and regional economic impacts. They also serve as indicators for future production capabilities, guiding strategic decisions across the energy value chain.
Aries One: Supporting the Energy Sector
At Aries One, we provide customized solutions to meet the ever-changing needs of the oil and gas industry. From Consulting, Project Management, and Staffing, we help clients navigate market complexities with confidence.
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