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 OCTG exports up 22.9 percent in July 2026 from June

US rebar exports up 41.5 percent in July 2026 from June

US rig count increases, Canada decreases - week 38, 2026

US CRC imports down 35.9 percent in July 2026 from June

US exports of plates in coil down 31.2 percent in July 2026 from June

Canada maintains AD duties on rebar imports from nine countries

US HRC imports down 19.8 percent in July 2026 from June

US CRC exports down 16.8 percent in July 2026 from June

US HDG imports down 7.4 percent in July 2026 from June

US HRC exports down 25.6 percent in July 2026 from June