Steel Mills
April 14, 2023
Rig Counts Continue to Drop in US, Canada
Written by Becca Moczygemba
Rig counts continue to fall in the US and Canada, according to the latest data from oilfield services company Baker Hughes.
The total US rig count was 748 for the week ended April 14, down three rigs from the week prior. The number of active oil rigs in the US dropped by two from the prior week’s 588. The number of gas rigs fell by one to 157. Compared to this time last year, the US count is up by 55 rigs, with oil rigs up 40, gas rigs up 14, and miscellaneous rigs up one.
