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

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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