Environment and Energy

January 22, 2021
Active Gas and Oil Rig Counts Continue to Rise
Written by Brett Linton
U.S and Canadian active rotary drill rig counts increased again this week, according to data released by oilfield services company Baker Hughes. The rig 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 rose by 5 to 378, with oil rigs up 2, gas rigs up 3, and miscellaneous rigs unchanged. Compared to this time last year, this week’s count is down 416 rigs, with oil rigs down 387, gas rigs down 27, and miscellaneous rigs down 2. See the first graph below for a history of active U.S. rig counts.


