Drill rig activity remains strong in US and Canada

Drilling activity remained at or near multi-month highs in both the US and Canada this week, according to recently released oil and gas rig count figures by Baker Hughes.

The US rig count eased following the 15-month high seen one week prior, falling by one to 587 rigs. Prior to this week, activity had steadily recovered for nearly two full months. Drilling is up substantially compared to this time last year, with 45 more rigs in operation today.

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.

Brett Linton

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