Environment and Energy

May 15, 2020
Active Gas & Oil Rig Counts in May
Written by Brett Linton
Active U.S. and Canadian drill rigs declined yet again this past week, according to oilfield services company Baker Hughes. The active drill rigs count is important to the steel industry because it is a leading indicator of oil country tubular goods demand.
The number of active U.S. rigs fell by 35 to 339, with oil rigs down 34, gas rigs down 1, and miscellaneous rigs unchanged. Compared to this time last year, the 339 count is down 648 rigs, with oil rigs down 544, gas rigs down 106, and miscellaneous rigs up 2. See the first graph below for a history of active U.S. rig counts.


