Canada
January 16, 2026
Written by Brett Linton
The number of oil and gas rigs operating in the US fell this week, while Canadian activity recovered further, according to the latest data released from Baker Hughes.
Total US rig counts slipped by one week over week (w/w) to 543. This is just seven rigs above the near four-year low seen last August, and 37 rigs below the same week last year.
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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