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    March 31, 2023

    Rig Counts Down in US and Canada

    Written by Becca Moczygemba

    Rig counts are down in the US and Canada this week, according to the latest data from oilfield services company Baker Hughes.

    The total US rig count was 755 for the week ended March 31, down three rigs from the week prior. The number of active oil rigs in the US dropped by one from the prior week’s 593. The number of gas rigs fell by two to 160. Compared to this time last year, the US count is up by 82 rigs, with oil rigs up 59, gas rigs up 22, 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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