Baker Hughes North American Rig Count Down for Week Ending September 1

The Baker Hughes North American Rig Count fell for the week ending September 1 as gains in the United States (US) were easily offset by declines in Canada. For the last 4 weeks, the U.S. has reported fewer rigs as Canada has added, though both had been adding consistently this year.

Rigs increased by 3 in the U.S. and are now 446 higher than the previous year, while rigs in Canada were down 16. Canada is still up 64 rigs from last year.

Rigs classified as oil in the U.S. were flat at 759, while those in Canada were down 13 to 103. U.S. oil rigs are still up 407 and Canadian rigs are up 77 from last year.

Rigs classified as gas were up by 3 in the U.S. to 183, while they were down 3 in Canada to 99. U.S. gas rigs are still up 88 and Canadian rigs are up 60 from last year.

The Baker Hughes North American Rig Count tracks weekly changes in the number of active operating oil & gas rigs. Rigs that are not active are not counted.