Canada
August 29, 2025
Written by David Schollaert
Oil and gas drilling activity waned in the US and Canada, with the rig count ticking down for the second straight week in both countries.
The US rig count stood at 536 as of Friday, Aug. 29, down two from the week prior, according to data from oilfield services provider Baker Hughes. Active oil rigs increased by one, while gas rigs were down by three. Miscellaneous rigs were flat.
Drilling activity increased in the US this week but declined in Canada, according to active oil and gas rig count figures recently released from Baker Hughes. The US rig count rose by four to 595 rigs this week, now at the highest level recorded in over two years. Canadian counts eased to a 10-week low of 197 this week, down 10 rigs from the prior week.
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