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Canada cuts four units in latest rig count

Canada cuts four units in latest rig count

Canadian drillers dropped four working units over the past week, but are still well ahead of 2020 numbers, according to the weekly Baker Hughes rig count.

164 drilling rigs were on the job this past week, with oil rigs down 5 to 93 and gas rigs gaining one to hit 71. The overall count is up by 84 units over 2020 numbers at this time, when only 83 rigs were operating - that's 51 more oil rigs and 30 more gas rigs overall.

In the United States, the overall count dropped by just one unit this past week, to 542. Oil rigs cut two to 443, and gas rigs gained one, reaching 99. Those numbers remain well up from 2020 levels, by 232 for oil rigs and gas rigs up 26; miscellaneous rigs are down 3.

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