Baker Hughes has reported that for the week ending August 4, 2023, the US rotary rig count declined by five rigs to 659.
The number of rigs drilling for gas remained unchanged at 128, while the number of rigs drilling for oil dropped by four to 525. The overall US rig count is down by 105 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count decreased by five to 188 rigs in the week ending August 4. The Canadian rig count is down by 15 rigs compared to the same reporting period last year.