U.S. Rig Count +2 to 624, Canada +5 to 198

Oil prices rose a dollar a barrel on Friday as investors worried about potential supply disruptions in the Middle East after signs of escalation of the Israel-Palestinians crisis.

Baker Hughes Rig Count:

U.S. Rig Count is up 2 from last week to 624 with oil rigs up 1 to 502, gas rigs up 1 to 118 and miscellaneous rigs unchanged at 4.

Canada Rig Count is up 5 from last week to 198, with oil rigs up 5 to 121 gas rigs up 1 to 77 and miscellaneous down 1.

RegionPeriodRig CountChange
U.S.A20 October 2023624+2
Canada20 October 2023198+13
InternationalSeptember 2023940-12

The Baker Hughes rig count defines active rigs as rigs that are actively conducting
drilling operations on a given well