Active rig counts rise in US and Canada

Drilling activity increased in both the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes. US counts remain historically low, while Canadian figures are relatively healthy.

The US rig count rose by one rig week over week (w/w) to a total of 537. While up, this is just one rig above the near-four-year low of 536 seen one week prior. Compared to one year ago, there are 45 fewer US rigs in operation this week.

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.