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US Land Rig Count Rises as Horizontal Activity Picks Up, TPH Energy Says

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US land drilling activity increased last week as the Enverus rig count climbed 14 to 624, outpacing Baker Hughes' (BKR) gain of seven rigs to 572, TPH Energy said in a Monday note.

Enverus and Baker Hughes (BKR) each reported a four-rig increase over the trailing four weeks, TPH said.

Enverus reported horizontal drilling added five rigs over the week, while public operators increased activity by six rigs. TPH said it largely views those public operator changes as short-term data volatility rather than a lasting shift.

Regional gains offset weakness elsewhere as Appalachian activity increased by three rigs, while the Permian, Eagle Ford, Niobrara and non-Energy Information Administration regions each added two rigs, TPH said.

Haynesville and Anadarko each lost three rigs over the week, while Bakken activity remained unchanged. TPH expects Haynesville drilling to trend lower in the coming months as operators respond to the 2027 futures strip.

Offshore activity in the Gulf of Mexico remained steady over the week with 15 floating rigs and three jackups operating, TPH added.

Canadian drilling activity increased by 21 rigs over the week to 198, extending gains from 171 working rigs during the same period last year, according to the report.

Price: $55.84, Change: $-0.11, Percent Change: -0.20%

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