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
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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.

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