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    May 26, 2023

    Rig Counts Fall in US, Rise in Canada

    Written by Becca Moczygemba

    Rig counts fell in the US while they inched up in Canada for the week ended May 26 vs. the week prior, according to the latest data from oilfield services company Baker Hughes.

    The total US rig count stands at 711 active rigs as of May 26, down nine from the previous week. The number of active oil rigs in the US fell by 5 to 570 in the same comparison. Gas rigs dropped by 4 to 137 and miscellaneous rigs remained unchanged at four. When compared to this time last year, the US count is down by 16 rigs, with oil rigs down four, gas rigs down 14, and miscellaneous rigs up two, 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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