Canada
February 19, 2021
Active Gas & Oil Rig Counts in U.S. and Canada
Written by Brett Linton
The number of active U.S. rotary drill rigs was unchanged this past week, while the Canadian rig count declined, according to 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 remained steady at 397, with oil rigs down 1, gas rigs up 1, and miscellaneous rigs unchanged. Compared to this time last year, this week’s count is down 394 rigs, with oil rigs down 374, gas rigs down 19, and miscellaneous rigs down 1. See the first graph below for a history of active U.S. rig counts.
