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    August 14, 2020

    Active Gas & Oil Rig Counts in U.S. and Canada

    Written by Brett Linton

    Active U.S and Canadian gas and oil rigs were mixed this past week, according to oilfield services company Baker Hughes. The active drill rigs count is important to the steel industry because it is a leading indicator of oil country tubular goods demand.

    The number of active U.S. rigs declined by 3 to 244, with oil rigs down 4, gas rigs up 1, and miscellaneous rigs unchanged. Compared to this time last year, this week’s count is down 691 rigs, with oil rigs down 598, gas rigs down 95, and miscellaneous rigs up 2. See the first graph below for a history of active U.S. 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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