Final Thoughts
March 24, 2023
Canadian Rig Count Falls, US Increases
Written by Becca Moczygemba
Rig counts dropped in Canada but increased again in the US this week, according to data from oilfield services company Baker Hughes.
The total US rig count was 758 for the week ended March 24, up four rigs from the week prior. The number of active oil rigs in the US increased to 593 from the prior week’s 589. The number of gas rigs stayed the same at 162. Compared to this time last year, the US count is up 88 rigs, with oil rigs up 62, gas rigs up 25, and miscellaneous rigs up one, respectively.
