Canada
October 11, 2024
Written by Brett Linton
Active drill rig counts were mixed this week, according to the latest figures released by Baker Hughes.
US activity saw a slight increase from last week but continues to hover near multi-year lows, a trend observed since July. In Canada, rig counts dipped last week but remain near one of the highest levels recorded in the past seven months.
Drilling activity increased in the US this week but declined in Canada, according to active oil and gas rig count figures recently released from Baker Hughes. The US rig count rose by four to 595 rigs this week, now at the highest level recorded in over two years. Canadian counts eased to a 10-week low of 197 this week, down 10 rigs from the prior week.
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