Canada
November 6, 2022
Active US and Canadian Drill Rigs Through Nov. 4
Written by Brett Linton
The number of active drilling rigs was mixed this week, with counts increasing in the US and falling in Canada, according to data from oilfield services company Baker Hughes. Activity in the US and Canada has held steady in recent weeks but is not quite back to pre-Covid levels. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods (OCTG), a key end market for steel sheet.
