US rig count increases, while Canadian rig count declines - week 10, 2026

Tuesday, 10 March 2026 09:49:23 (GMT+3)   |   San Diego

Baker Hughes has reported that for the week ending on March 6, 2026, the US rotary rig count increased by one rig week on week to 551.

The number of rigs drilling for gas decreased by two to 132, while number of rigs drilling for oil increased by four to 411. The overall US rig count is down by 41 rigs in the year-on-year comparison.

Meanwhile, the Canadian rig count decreased by nine to 205 rigs in the week ending March 6. The Canadian rig count decreased by 29 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 structural pipe and tube exports up 10.7 percent in May 2026 from April

US OCTG exports down 39.6 percent in May 2026 from April

US OCTG imports up 41.9 percent in May 2026 from April

US rig count increases while Canadian rig count decreases - week 6, 2026

US rig count decreases while Canadian rig count increases - week 3, 2026

US rig count decreases while Canadian rig count increases - week 53, 2025

US rig count decreases while Canadian rig count increases - week 51, 2025

US rig count and Canadian rig count both decrease - week 49, 2025

US rig count and Canadian rig count increase - week 48, 2025

US rig count increases while Canadian rig count decreases - week 47, 2025