One of the most significant developments in Canada’s energy sector is quietly unfolding on the North Coast of British Columbia. After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational — and it could mark a turning point for Canada’s natural gas industry.
The U.S. oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Notably, the Permian Basin—America’s top oil-producing region—saw a drop of three rigs, bringing its total to the lowest level since February 2022.
The global competition for Liquefied Natural Gas (LNG) markets is becoming increasingly intense, especially as several large-scale LNG projects are proposed on the U.S. Gulf and East Coasts. While the U.S. has long been a dominant player in the LNG market, upcoming projects from Canada, Mexico, Alaska, and emerging regions like Guyana, West Africa, and the Mediterranean are positioning themselves as strong competitors.
Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
TG Natural Resources drilled a total of 36 wells, with activity spread throughout the year. The drilling efforts were most intense in Q4 2024, which accounted for 33% of the annual drilling, suggesting a push to complete drilling programs before year-end.
The U.S. oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025.
The United States has emerged as a global leader in energy supply, thanks to its innovative “Wellhead to Water” strategy. This approach focuses on vertical integration, midstream infrastructure expansion, and enhanced export capabilities to dominate global markets for LNG, LPG, and NGLs.
The record counts of wells drilled per quarter show consistent growth from Q1 2024 to Q1 2025 with a notable increase of approximately 32.69% year-over-year.
In the oil and gas industry, understanding drilling activity by provider, location, and specific rigs is crucial for identifying market trends and operational strengths. In this blog, we’ll walk you through a data analysis process aimed at uncovering the most active drilling providers, their primary operating counties, and their most frequently used rigs.
Mewbourne Oil Company drilled a total of 76 wells this year, which is 13 fewer wells compared to the same period last year.
