World Oil & Gas Rig Count

The most recent regional rig count data reveals a mixed performance across global markets, highlighting shifting momentum as of October 2025. North America shows the strongest upswing, reaching 741 rigs, continuing its steady multi-month climb and reinforcing its position as the primary driver of global activity. The Middle East remains highly stable at 505 rigs, sustaining its role as a baseline of reliability even amid moderate monthly fluctuations. In contrast, Africa declines to 97 rigs, returning to levels last seen earlier in the year. Latin America also trends downward, easing to 129 rigs after previously holding near the mid-140s. Asia/Pacific and Europe soften slightly, finishing at 204 and 124 rigs, respectively. Overall, the latest values indicate resilience in key regions despite selective weakening elsewhere. Source: Baker Hughes