Baker Hughes has reported that for the week ending on May 1, 2026, the US rotary rig count increased by three rigs week on week to 547.
The number of rigs drilling for gas increased by one to 130, while number of rigs drilling for oil increased by one to 408. The overall US rig count is down by 37 rigs in the year-on-year comparison.
Meanwhile, the Canadian rig count decreased by seven to 123 rigs in the week ending May 1. The Canadian rig count increased by three compared to the same reporting period in the previous year.
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