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    March 21, 2025

    Oil and gas drilling pulls back considerably in Canada, steady in US

    Written by Brett Linton

    The latest tally of active oil and gas rigs operating in the US rose by one this week, while Canada’s tally saw a decline of 19, according to Baker Hughes. US rig counts remain slightly above multi-year lows, while Canadian activity is tapering off following a seasonal peak.

    The US rig count has been steady between 592 and 593 for five consecutive weeks, marginally higher than the three-year low of 576 rigs recorded in late January. Drilling activity in the US has been at reduced levels for the last 21 months.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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