Baker Hughes reported that for the week ended May 1, 2026, the number of U.S. rotary drilling rigs increased by three rigs each week to 547.
The number of gas production rigs increased by one to 130, and the number of oil production rigs increased by one to 408. The total number of U.S. drilling rigs decreased by 37 rigs year over year. comparison.
At the same time, the number of drilling rigs in Canada fell by seven to 123 in the week ending May 1. The number of drilling rigs in Canada increased by three compared to the same reporting period the previous year.
