US and Canada rig count increases - week 31, 2026

Monday, 03 August 2026 20:23:34 (GMT+3)   |   San Diego

Baker Hughes has reported that for the week ending on July 31, 2026, the US rotary rig count increased by one rig week on week to 588.

The number of rigs drilling for gas remained unchanged at 127, while number of rigs drilling for oil increased by one to 451. The overall US rig count is up by 48 rigs in the year-on-year comparison.

Meanwhile, the Canadian rig count increased by 15 to 219 rigs in the week ending July 31. The Canadian rig count increased by 42 compared to the same reporting period in the previous year.

BerkArslan
Berk Arslan
Editor
All Articles by the Author

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.

Similar articles

US rig count increases, Canada decreases - week 45, 2026

Canada's iron and steel imports down 6.7 percent in September 2026

Canada initiates expiry review on line pipe from China

Champion Iron posts Q2 net loss, completes first DRPF shipment

Canadian iron ore production down 4.0 percent in August

Investment in Canadian building construction increases 0.1 percent in August 2026

US rig count unchanged, Canada increases - week 44, 2026

Algoma Steel posts Q3 loss as shipments appear to bottom out

Canadian industrial product and raw material prices increase in September 2026

Cleveland-Cliffs says Stelco is in full compliance with its Canadian undertakings