Baker Hughes has reported that for the week ending on August 30, 2024, the US rotary rig count decreased by two to 583.
The number of rigs drilling for gas decreased by two to 95, while the number of rigs drilling for oil remained at 488. The overall US rig count is down by 48 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count increased by one to 220 rigs in the week ending August 30. The Canadian rig count has increased by thirty three compared to the same reporting period in the previous year.