US and Canada rig count increases - week 22, 2026

Friday, 29 May 2026 23:03:10 (GMT+3)   |   San Diego

Baker Hughes has reported that for the week ending on May 29, 2026, the US rotary rig count increased by four rigs week on week to 562.

The number of rigs drilling for gas remained unchanged at 125, while number of rigs drilling for oil increased by four to 429. The overall US rig count is down by one rig in the year-on-year comparison.

Meanwhile, the Canadian rig count increased by 24 to 162 rigs in the week ending May 29. The Canadian rig count increased by 50 compared to the same reporting period in the previous year.

BerkArslan
Berk Arslan
Editor

I graduated from University of Illinois at Chicago with a B.S. in Finance, and also have Masters degree from Northeastern Illinois University in Bilingual Bicultural Education and a Masters from Moody Bible Institute in Divinity. I have been in the steel industry since 2019, focusing on long products.  I now write on finished longs in Mexico, and cover market analysis and dynamics in North America.


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