The number of rigs actively drilling for oil, tracked weekly by services like Baker Hughes. A rising count signals increased demand for field crews, equipment, and well-site services. Subcontractors use it to anticipate work volumes and adjust capacity accordingly.
Oil-Directed Rig Count
Related Terms
Commissioning
IndustryThe phase where completed systems and equipment are tested, verified, and handed over to the client as fully operational. For subcontractors, it often means intensive punch-list work, inspections, and sign-offs before demobilisation. Scope creep is common during this phase, so track all additional hours carefully.
Strait of Hormuz
IndustryA critical shipping chokepoint between Oman and Iran controlling roughly 20% of global oil flow. Disruptions here can spike material costs and delay equipment deliveries for subcontractors. Budget contingencies and procurement timelines should account for geopolitical risk in this corridor.
CNG (Compressed Natural Gas)
IndustryNatural gas compressed and stored at high pressure, used to fuel fleet vehicles and equipment on remote job sites. Subcontractors may need CNG-certified technicians and compliant fuelling procedures when working on CNG infrastructure projects or operating CNG-powered equipment.
SPMT (Self-propelled Modular Transporter)
IndustryA multi-axle hydraulic platform vehicle used to move oversized modules, vessels, or heavy equipment on job sites. Subcontractors working heavy lifts or module installation scopes often coordinate directly with SPMT crews. Understanding load-out and transport sequencing is critical for scheduling your own work around these moves.
Crane Mats
IndustryLarge interlocked timber or composite panels placed under crane outriggers to distribute load on soft or unstable ground. Subcontractors often supply, transport, and install them as part of site prep scopes. Rental and mobilisation costs should be clearly itemised in your quote.
Shaker Screens
IndustryMesh filters mounted on shale shakers that separate drill cuttings from drilling fluid on the rig. Subcontractors handling fluid management or solids control must track screen condition and swap them regularly. Damaged or plugged screens slow operations and can trigger downtime charges against your crew.
Latest Industry News
Western Canada Oil Rig Count Hits 51% Above Ten-Year Seasonal High as Break-Up Ends Early
Western Canada's oil-directed rig count surged to 107 active rigs this week, 51% above the prior ten-year seasonal high for this time of year, according to Baker Hughes data cited by RBN Energy. Field service companies should expect tightening crew and equipment availability heading into summer.
11 hours ago IndustrySouth Bow Secures 20-Year Commitments for Prairie Connector Crude Pipeline
South Bow Corp. has declared a successful open season for its Prairie Connector pipeline, locking in 20-year shipper commitments for crude transport from Hardisty, AB to US delivery points including Cushing and the Gulf Coast. A final investment decision is targeted for mid-2027.
11 hours ago IndustryUS Rig Count Reaches 562 as Permian Surge Nearly Closes Year-Over-Year Gap
The US rig count climbed four to 562 for the week ending May 29, with the Permian adding five rigs and the year-over-year deficit narrowing to just one rig, the tightest margin since May 2023.
11 hours ago IndustryVermeer D24 HDD Drill Targets Operator Efficiency With Auto Rod Exchange and Onboard Diagnostics
Vermeer has introduced the D24 horizontal directional drill with single-button auto rod exchange, real-time diagnostics, and redesigned hydraulics aimed at reducing downtime and training demands for utility boring contractors.
11 hours agoRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
Stay sharp on field operations
Industry news and insights, delivered to your inbox.
Subscribe to FieldNews