• SMU new site announcement banner
  • Skip to main content

    Environment and Energy

    Active Gas & Oil Rig Counts in U.S. and Canada

    Written by Brett Linton


    The multi-month decline in active U.S and Canadian gas and oil rigs seems to have flattened out, 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 2 to 263, with oil rigs down 3, gas rigs up 1, and miscellaneous rigs unchanged. Compared to this time last year, the 263 count is down 700 rigs, with oil rigs down 603, gas rigs down 98, and miscellaneous rigs up 1. See the first graph below for a history of active U.S. rig counts.

    Latest in Environment and Energy