Canada
May 22, 2026
Written by Ethan Bernard
The US and Canadian rig counts both increased this week, according to the latest data from Baker Hughes.
For the week ending May 22, the number of total rigs operating in the US rose by seven week over week to 558. The US gained 10 oil rigs but lost three gas rigs and miscellaneous rigs remained unchanged at eight.
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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