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    July 7, 2023

    Rig Counts Rebound in US and Canada

    Written by Becca Moczygemba

    After nine weeks of declines, the oil and gas rotary rig count is back up in the US. Canada’s count also saw an increase from the previous week, according to the latest data from oilfield services company Baker Hughes.

    The total US rig count sat at 680 active rigs as of July 7, up six from the week prior. Active oil rigs in the US decreased by five while active gas rigs increased by 11, and miscellaneous rigs were steady at five.

    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.

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