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    August 15, 2025

    Active rig count holds in US but grows in Canada

    Written by David Schollaert

    Oil and gas drilling in the US was unchanged this past week following three straight weeks of declining activity. Canada saw another gain, reaching a 22-week high.

    The weekly count of active rotary rigs in the US, as reported by oilfield services provider Baker Hughes, was flat at 539 as of Friday, Aug. 15. Active oil rigs increased by one, while gas rigs were down 1 to 122. Miscellaneous rigs were flat at five total week on week (w/w).

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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