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    July 26, 2019

    Active Gas & Oil Rig Counts in US and Canada

    Written by Brett Linton

    The U.S. active rotary rig count, an indicator of oil country tubular goods demand, declined this week, according to oilfield services company Baker Hughes. The number of active U.S. rigs fell by 8 to 946, with oil rigs down 3, gas rigs down 5, and miscellaneous rigs unchanged. Compared to this time last year, the 946 count is down 102 rigs, with oil rigs down 85, gas rigs down 17, and miscellaneous rigs unchanged. See the first graph below for a history of active U.S. rig counts.

    The Canadian rig count rose by 9 to 117 rigs, with oil rigs up 2 and gas rigs up 7. Compared to last year, the 127 count is down 96 rigs, with oil rigs down 69 and gas rigs down 27. 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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