Baker Hughes has reported that for the week ending on October 18, 2024, the US rotary rig count increased by one to 585.
The number of rigs drilling for gas increased by two to 99, while the number of rigs drilling for oil increased by one to 486. The overall US rig count is down by 39 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count decreased by two to 217 rigs in the week ending October 18. The Canadian rig count has increased by nineteen compared to the same reporting period in the previous year.