Drilling & Completions News
Latest drilling & completions coverage from Oil Authority and industry sources
Oil Authority Analysis39 articles
Baker Hughes Count: US Hits 588 Rigs While Canada Surges 15 in a Week, Up 48 From Last Year
Baker Hughes reports 588 US rigs for July 31, up 48 year-over-year. Canada surged 15 rigs to 219 in one week as Permian held at 241 last Friday.
Baker Hughes US Rig Count at 587 as Permian Basin Holds 241 Rigs Despite July Brent Surge
US rig count held at 587 for July 24, with Permian Basin at 241 rigs even as Brent futures top $90. Baker Hughes releases today's July 31 count at noon CT.
Precision Drilling Reports 11% Revenue Gain as Canadian Rigs Hit 61, U.S. Operating Costs Compress EBITDA
Precision Drilling grew Canadian rigs 22% to 61 in Q2 2026, lifting revenue 11% to $452.8M, while U.S. operating cost inflation cut adjusted EBITDA 10%.
Baker Hughes North American Rig Count Hits 791 as Canada Adds 6 Rigs in a Week, Outpacing US Growth Rate
Baker Hughes reported 791 active North American rigs for the week ending July 24, with Canada's count up 12.1 percent year over year to 204 active rigs.
Clearwater Formation Drives Canada to 204 Rigs in Baker Hughes July Count as Alberta Issues Record Drilling Permits
Canada's Baker Hughes rig count reached 204 on July 24, up 6 week-over-week, as Clearwater producers Tamarack and Headwater expand Alberta capital budgets.
Baker Hughes Counts 587 Active US Rigs as WTI Posts $90.47 Friday Settlement, Oil Units Slip to 450 on Iran Diplomacy Signals
Baker Hughes counted 587 US rigs on July 24, with oil units at 450, as WTI settled at $90.47 despite a 1.87% Friday pullback on Iran diplomacy signals.
SLB Posts $8.97 Billion in Q2 Revenue as North America Surges 36%, While Net Income Falls 22% on Margin Compression
SLB Q2 revenue rose 5% to $8.97 billion as North America surged 36% and offshore drove Production Systems up 29%, but net income fell 22% to $786 million.
Weatherford Q2 2026 Free Cash Flow Climbs 76% to $139 Million as Iran Conflict Cuts Middle East Revenue and NCS Multistage Deal Advances
Weatherford's Q2 2026 adjusted FCF rose 76% to $139M as revenue fell 8% on Iran conflict headwinds; NCS Multistage acquisition advances at $126M.
Halliburton Q2 Revenue Climbs to $5.7 Billion on North America Rebound as Middle East Activity Falls 2%
Halliburton beat Q2 consensus with $5.7 billion in revenue and $0.64 EPS, as North America rose 7% while Middle East activity fell on Hormuz disruptions.
US Oil Rigs Rise to 452 While Canada Sheds 19 as WTI Settles at $82.49 on Iran-Driven Crude Surge
US oil rigs climbed to 452 this week while Canada shed 19 rigs, as WTI settled at $82.49 and Goldman warns Brent could top $120 if Hormuz stays shut.
Halliburton Secures Dual Saudi Aramco Awards for 285-Well Onshore Drilling and Unconventional Gas Program
Halliburton lands two Aramco contracts in one week: 285 onshore wells and an unconventional gas program, expanding its position in Saudi upstream.
EQT Sets US Onshore Lateral Record at 29,070 Feet With Longwell 9H in West Virginia Marcellus
EQT's Longwell 9H in Wetzel County, WV set a US onshore record with a 29,070-foot lateral and 37,610-foot measured depth, eclipsing Expand Energy's 2025 mark.
US Drilling Holds at 581 Rigs While Canada Drops 11 in Baker Hughes July 10 North America Count
Baker Hughes counted 760 North American rigs on July 10, down 10 from the prior week, as Canada shed 11 while the US added 1 and holds 44 above last year.
Baker Hughes July 10 Count: Canada Loses 11 Rigs to 179 as WCS-WTI Discount Reaches $11.87 Per Barrel
Baker Hughes released the July 10 North American rig count Friday with Canada losing 11 rigs to 179 while WCS crude slipped to $59.73 per barrel.
Baker Hughes July 10 Rig Count Due as US Oil Rigs Rise to 445 and WTI Posts Nearly 5% Weekly Gain
US crude oil rigs rose to 445 for the week of July 3, Baker Hughes reports, as WTI holds above $72 on a nearly 5% weekly gain from Iran-Hormuz tensions.
Logan Energy Raises 2026 Montney Output Guidance to 18,000 BOE/d and Adds $55 Million to Capital Budget
Logan Energy raised 2026 Montney production guidance to 18,000 BOE/d after Pouce Coupe wells averaged 1,202 BOE/d each in their first 30 days online.
Baker Hughes Reports 445 US Oil Rigs in Early Holiday Release, North America Gains 63 from a Year Ago
Baker Hughes released the North America rig count early for the July 4 holiday. US oil rigs rose to 445, up from a three-year low of 425 set a year ago.
Baker Hughes US Rig Count Climbs 10 to 573 While WTI Settles at $68.86, Permian Margins Thin to $1.86 Per Barrel
Baker Hughes counted 573 US rigs for the week of June 26, up 10 from 563, as WTI settled at $68.86, just $1.86 above the average Permian breakeven.
US Rig Count Rises to 573 as Permian Basin Reaches 258 Rigs; Canada Adds 11 to Reach 197
Baker Hughes reports the US rig count climbed 10 to 573 on June 26, with Permian leading at 258 rigs while Canada surged 11 to 197 active rigs.
Baker Hughes June 26 Rig Count: US Total Hits 573 as Oil Rigs Rise 7 and Permian Basin Holds 258
US drillers added 10 rigs this week, pushing the Baker Hughes count to 573. Oil rigs climbed to 440, Permian held 258, and output touched 13.8 million bpd.
Williston Drops to 2 Rigs as WTI Tests $70, Compressing Permian Margins Ahead of Baker Hughes Count
Williston Basin slumped to 2 active rigs as of June 20, down 25 year-over-year, while WTI at $69.40 cuts Permian operator margins 57% from April's peak.
Baker Hughes US Oil Rigs Unchanged at 433 as Gas Drilling Climbs 10 Percent Year on Year
Baker Hughes US oil rigs held at 433 for a second week as gas rigs climbed 10 percent year on year to 122, signaling a rotation toward LNG plays.
Baker Hughes: US Oil Rigs Rise to 433 as Total Count Slips to 562, Permian Holds 77 Percent Oil Share
US oil rigs rose to 433 in the Baker Hughes June 12 count as WTI settled at $84.88. North America stood at 732 total rigs on June 5, up 59 year over year.
Diamondback Declares Green Light for Permian Expansion as Dallas Fed Confirms Shale Cannot Close the Hormuz Gap
Diamondback raised Permian guidance to 520,000 bpd and added three drilling rigs, as Dallas Fed's Logan warns shale growth covers under 3% of the Hormuz gap.
Diamondback and ConocoPhillips Add Permian Rigs as Baker Hughes US Count Hits 563
Baker Hughes counts 563 active US rigs on June 6, as Diamondback and ConocoPhillips add Permian capacity amid the ongoing Iran supply shock.
US Oil Rigs Rise to 431 as Baker Hughes Weekly Count Hits 563 for June 5, Permian Basin Holds at 242
Baker Hughes counted 431 active US oil rigs for June 5, up 23 rigs in five weeks, as the Permian Basin holds at 242, down 16% from a year ago.
Baker Hughes June 5 Count: US Oil Rigs Rise to 431 as Permian Leads Despite WTI Settling at $90
US oil rigs rose to 431 this week and gas rigs fell to 124, as ExxonMobil anchors 34 Permian rigs with WTI settling at $90.20 per barrel on Friday.
Permian Claims 45% of US Rigs as Baker Hughes Count Rises to 562, Canada Surges 24
The US rig count climbed to 562 this week with all gains driven by the Permian Basin. Canada surged 24 rigs to 162 as spring break-up recovery accelerates.
US Oil Rigs Add 10 to 425 in Biggest Weekly Jump Since 2022
US oil rigs added 10 to 425, the largest weekly gain since the 2022 Russia shock, as Permian operators chase $98 WTI ignited by Hormuz disruptions.
Baker Hughes Rigs Fall as Shale Holds Capex Line
US rig count slides for an eighth straight week as Permian operators ignore $97 WTI. Diamondback flags productivity gains, capex restraint locks in.
Diamondback Plans 30 Permian Rigs as Shale Discipline Cracks
Diamondback CEO retires the stoplight, predicting 30 new Permian rigs by year-end. ConocoPhillips and Continental signal similar moves as WTI holds $102.
US Rig Count Reaches 548 With Permian at 242 as WTI Settles $95.46, Drillers Defy Six Percent Weekly Crude Slide
Baker Hughes reports 548 active US rigs with Permian at 242 as WTI settles $95.46 per barrel, three-week drilling build defies a 6% weekly crude slide.
US Rig Count Climbs to 547 But Permian Holds 242, Down 47 Year on Year as Shale Defies WTI at $101.94 and Hormuz Crisis
Baker Hughes US rig count rose 3 to 547 on May 1 but Permian held flat at 242, down 47 year on year despite WTI at $101.94 and Hormuz still shut.
North America Rig Count Falls for 7 Straight Weeks to 680 as Eagle Ford, Cana Woodford Lead Losses and Capital Discipline Holds
North America Rig Count Falls for 7 Straight Weeks to 680 as Eagle Ford, Cana Woodford Lead Losses and Capital Discipline Holds. North America's oil and gas.
North American Rig Count Falls to 690 as Canada Sheds 11 Units in Early April 2026
North American Rig Count plunges to 690 as Canada Sheds 11 Units in Early April 2026. The North American rig count slipped to 690 in the week ending April 4.
Baker Hughes Releases April 2 Rig Count Early for Good Friday: US Adds 5 Rigs to 548 as Texas and New Mexico Lead Q2 Recovery
Baker Hughes Releases April 2 Rig Count Early for Good Friday: US Adds 5 Rigs to 548 as Texas and New Mexico Lead Q2 Recovery. Oklahoma was unchanged.
CAOEC Projects 5,709 Wells for Canada in 2026 as Early Spring Breakup Compresses Q1 Programs and Permian 3-Mile Laterals Set Records
CAOEC Projects 5,709 Wells for Canada in 2026 as Early Spring Breakup Compresses Q1 Programs and Permian 3-Mile Laterals Set Records.
North America Rig Count Falls to 729 as Shale Operators Hold Capital Discipline Near $100 WTI
North American drilling activity fell to 729 active rigs in the week ending March 20, 2026, down 21 rigs week-over-week, according to the latest data from Ba...
Permian Basin Produces More With Fewer Rigs as U.S. Crude Output Targets 13.6 Million Barrels Per Day
Permian Basin Produces More With Fewer Rigs as U.S. Crude Output Targets 13.6M bpd. Oil-directed rigs stood at 412, while gas-directed units numbered 133.