Canada
June 4, 2021
Active Drill Rig Counts Flat in U.S., Rise in Canada
Written by Brett Linton
The number of active oil and gas drill rigs decreased this past week for the United States, while the Canadian rig count jumped 24%, 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 fell by 1 to 456 rigs, with oil rigs unchanged, gas rigs down 1, and miscellaneous rigs unchanged. Compared to this time last year, this week’s count is up 172 rigs, with oil rigs up 153, gas rigs up 21, and miscellaneous rigs down 2. See the first graph below for a history of active U.S. rig counts.
