Baker Hughes has reported that for the week ending Nov. 3, 2023, the US rotary rig count decreased by seven to 618.
The number of rigs drilling for gas increased by one to 118, while the number of rigs drilling for oil decreased by eight to 496. The overall US rig count is down by 152 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count remained level at 196 rigs in the week ending Nov. 3. The Canadian rig count is down by 13 rigs compared to the same reporting period last year.