Analysis
November 1, 2024
Active rig counts stabilize in US, slip in Canada
Written by Brett Linton
The number of active oil and gas drill rigs operating in the US last week held stable for the third consecutive week. At the same time, Canada’s counts declined slightly, according to the latest information from Baker Hughes.
US rig activity has been historically weak since June, hovering just above multi-year lows for four months. Canadian counts have ticked lower in recent weeks but remain strong.
