Canada
June 18, 2021
Uptick in Active U.S. and Canadian Rig Counts
Written by Brett Linton
The number of active oil and gas drill rigs increased this past week for both the United States and Canada, 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 rose by 9 to 470 rigs, with oil rigs up 8, gas rigs up 1, and miscellaneous rigs unchanged. Compared to this time last year, this week’s count is up 204 rigs, with oil rigs up 184, gas rigs up 22, and miscellaneous rigs down 2. See the first graph below for a history of active U.S. rig counts.
