Canada
December 5, 2020
Active Gas & Oil Rig Counts in U.S. and Canada
Written by Brett Linton
U.S and Canadian active rotary drill rig counts were steady to up this week, according to updated data released by oilfield services company Baker Hughes. The rig 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 rose by 3 this week to 323, with oil rigs up 5, gas rigs down 2, and miscellaneous rigs unchanged. Compared to this time last year, this week’s count is down 476 rigs, with oil rigs down 417, gas rigs down 58, and miscellaneous rigs down 1. See the first graph below for a history of active U.S. rig counts.
