Canada rig count posts double-digit decrease

March 10, 2023
The rig count in Canada fell by 23 rigs, according to Baker Hughes data. A total of 223 rigs were running in Canada this week, still up 17 from the year-ago level.

The rig count in Canada fell by 23 rigs, according to Baker Hughes data. A total of 223 rigs were running in Canada this week, still up 17 from the year-ago level. Oil-directed rigs led the decrease as 19 fewer rigs were drilling for oil in Canada this week to reach 139. Gas rigs fell by 4 to 84.

In the US, 3 fewer rigs were running for a total of 746. The count is up 84 from the 663 rigs running in the US this time last year.

US oil-directed rigs fell by 2 units to 590, up 63 from this time in 2022. Gas-directed rigs decreased by 1 to 153. A year ago, 135 units were drilling for gas.

The number of rigs drilling on land in the US was down by a single unit from last week at 731. Horizontal rigs increased by 2 rigs to 692 while vertical rigs decreased by 2 to reach 12 for the week. Three fewer rigs were drilling directionally, bringing the count to 42.

Alaska saw the largest gain. With a 3-rig increase, the state ended the week with 10 rigs running. West Virginia added 2 rigs to reach 14 rigs working for the week, while Colorado added a single rig to reach 18.

New Mexico, Louisiana, and Pennsylvania all dropped 3 rigs this week for respective counts of 103, 59, and 22.

Two fewer rigs were drilling in the Gulf of Mexico, pushing the overall US offshore count to 14. The number of rigs drilling in inland waters was unchanged at 1.