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    July 10, 2026

    Rig count reaches 14-month high in US, falls again in Canada

    Written by Laura Miller

    The latest data from oilfield services provider Baker Hughes show that oil and gas drilling in the US pushed higher in the week ending July 10, while it tapered off further in Canada.

    As oil and gas drilling held steady, the US rig count inched up to 581 with the addition of one miscellaneous rig. Drilling is now at its highest point since early May 2025. Oil and gas rigs were unchanged week over week (w/w). Compared to this time last year, there are 44 more active US rigs.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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