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    February 26, 2023

    US, Canada Rig Counts Decline for Second Week

    Written by Becca Moczygemba

    The US and Canadian rig counts decreased again last week, but they remain elevated compared to a year ago, according to data from oilfield services company Baker Hughes.

    The total US rig count was 753 last week, down seven rigs from the week prior. The number of active oil rigs in the US fell to 600 last week, down seven from the prior week. The number of gas rigs remained at 151. Miscellaneous rigs were unchanged at two. Compared to this time last year, the US count is up 103 rigs, with oil rigs up 78, gas rigs up 24, and miscellaneous rigs up one, respectively.

    Becca Moczygemba

    Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.

    Read more from Becca Moczygemba

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