US rig count holds at multi-month high, Canada's slips

Baker Hughes’ latest data shows US oil and gas drilling activity was steady this week at a multi-month high, while activity slowed slightly in Canada.

For the week ended Aug. 7, the US rig count was flat from the previous week at 588. That matches the mid-July count for a 15-month high. Oil rigs increased by three, while gas rigs decreased by three. Drilling activity remains ahead of last year, with 49 more active rigs in operation.

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.