World Oil & Gas Rig Count

Land rigs start strong at 1,621.8 in January and peak at 1,663.5 in February before declining through spring to about 1,500.6 in May. Offshore rigs show a steadier pattern, gradually easing from 259.8 to around 245–258 across the year, reflecting stable but slightly reduced marine operations. Inland waters remain the smallest segment, fluctuating narrowly between 8 and 12.25 rigs, with a notable mid-year rise in July. Entering late 2025, land activity stabilizes near the mid-1,540s, while offshore rigs dip more sharply in October. The final values—1,545.6 land rigs, 244.2 offshore rigs, and 10.6 inland-water rigs—highlight a steady land recovery but a marked offshore slowdown heading into year-end. Source: Baker Hughes