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    February 8, 2019

    Active Gas & Oil Rig Counts: U.S. Up, Canada Down

    Written by Brett Linton

    The U.S. active rotary rig count, an indicator of oil country tubular goods demand, increased this week, according to oilfield services company Baker Hughes. The number of active U.S. rigs rose by 4 to 1,049, with oil rigs up 7 and gas rigs down 3. Compared to this time last year, the 1,049 count is up 74 rigs, with oil rigs up 63 and gas rigs up 11. See the first graph below for a history of active U.S. rig counts.

    The Canadian rig count fell by 3 to 240 rigs, with oil rigs down 1 and gas rigs down 2. Compared to last year, the 240 count is down 85 rigs, with oil rigs down 63 and gas rigs down 22. See the second graph below for a history of active Canadian rig counts.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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