US rig count increases, Canada decreases - week 27, 2026

Thursday, 02 July 2026 21:20:34 (GMT+3)   |   San Diego

Baker Hughes has reported that for the week ending on July 2, 2026, the US rotary rig count increased by seven rigs week on week to 580.

The number of rigs drilling for gas increased by one to 126, while number of rigs drilling for oil increased by five to 445. The overall US rig count is up by 41 rigs in the year-on-year comparison.

Meanwhile, the Canadian rig count decreased by seven to 190 rigs in the week ending July 2. The Canadian rig count increased by 39 compared to the same reporting period in the previous year.

BerkArslan
Berk Arslan
Editor

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 rebar exports up 19.7 percent in June 2026 from May

US and Canada rig count decreases - week 34, 2026

US beam exports down 13.1 percent in June 2026 from May

US exports of plates in coil up 17.9 percent in June 2026 from May

US may reduce tariffs on Canadian steel under proposed trade deal

US HRC imports up 28.1 percent in June 2026 from May

US CRC exports up 13.5 percent in June 2026 from May

Mexican heavy vehicle production up 51.8 percent in July

US HRC exports up 30.2 percent in June 2026 from May

US HDG exports down 0.4 percent in June 2026 from May