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    Analysis

    March 28, 2025

    Active rig counts stable in US, decline in Canada

    Written by Brett Linton

    US oil and gas drilling activity remained relatively steady this week, while Canadian operations declined, according to Baker Hughes. US rig counts remain slightly above multi-year lows, while Canadian activity is slowing following a seasonal peak.

    US rig counts have held between 592-593 for over a month, hovering just above the three-year low of 576 rigs recorded in late January. US drilling activity has remained at reduced levels since June 2024.

    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.

    Read more from Brett Linton

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