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

The Canadian rig count rebounded by 58 to 117 rigs, with oil rigs up 35, gas rigs up 23, and miscellaneous rigs unchanged. Compared to last year, this week’s count is down 86 rigs, with oil rigs down 67, gas rigs down 19, and miscellaneous rigs unchanged. See the second graph below for a history of active Canadian rig counts.

International rigs decreased by 4 to 665 rigs for the month of December, a decrease of 439 rigs from the same month one year ago. For a history of both the U.S. and Canadian rig count, visit the Rig Count page on the Steel Market Update website here.

About the Rotary Rig Count

A rotary rig is one that rotates the drill pipe from the surface to either drill a new well or sidetrack an existing one. They are drilled to explore for, develop and produce oil or natural gas. The Baker Hughes Rotary Rig count includes only those rigs that are significant consumers of oilfield services and supplies.

The Baker Hughes North American Rotary Rig Count is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States and Canada. Rigs considered active must be on location and drilling. They are considered active from the time they break ground until the time they reach their target depth.

The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside of the United States and Canada. International rigs considered active must be drilling at least 15 days during the month. The Baker Hughes International Rotary Rig Count does not include rigs drilling in Russia or onshore China.