Rig count Update

The number of drilling rigs operating in U.S. oil fields jumped by 10 this week as crude prices topped $80 a barrel. Canadian oil fields up by 1. No update released for International Rig count. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.

RegionPeriodNo. of RigsChange
U.S.A15th October 2021543+10
Canada15th October 2021168+1
InternationalSept. 2021787

Baker Hughes Rig Count to 17th October 2021