Baker Hughes has reported that for the week ending Oct. 20, 2023, the US rotary rig count increased by two to 624.
The number of rigs drilling for gas increased by one to 118, while the number of rigs drilling for oil increased by one to 502. The overall US rig count is down by 147 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count increased by five to 198 rigs in the week ending Oct. 20. The Canadian rig count is down by 12 rigs compared to the same reporting period last year.