Analysis
March 7, 2025
Drill rig activity slips in US and Canada
Written by Brett Linton
The latest count of oil and gas rigs operating in the US and Canada has declined slightly through the week ending March 7, according to Baker Hughes. US rig counts remain marginally above multi-year lows, while Canadian activity is experiencing a seasonal decline from a recent seven-year high.
The latest US rig count stands at 592, one fewer than the prior week. Compare this to the three-year low count of 576 seen in late January. US drilling activity has remained at reduced levels since June 2024.
