Analysis
January 3, 2025
Active rig counts stable in US, slow down in Canada
Written by Brett Linton
The number of active oil and gas rigs operating in the US held steady this week for the fifth consecutive week, while Canadian activity declined further, according to the latest figures released from Baker Hughes.
US activity has remained within nine rigs of a multi-year low for the past seven months. The lowest weekly count of the year was 581 rigs in June, while the highest was 629 rigs in March.
