US rig count unchanged, Canada decreases - week 32, 2026

Friday, 07 August 2026 22:55:45 (GMT+3)   |   San Diego

Baker Hughes has reported that for the week ending on August 7, 2026, the US rotary rig count remained unchanged at 588 rigs week on week.

The number of rigs drilling for gas decreased by three to 124, while number of rigs drilling for oil increased by three to 454. The overall US rig count is up by 49 rigs in the year-on-year comparison.

Meanwhile, the Canadian rig count decreased by three to 216 rigs in the week ending August 7. The Canadian rig count increased by 36 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.


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