Baker Hughes reported that for the week ended May 8, 2026, the number of U.S. rotary drilling rigs increased by one rig for the week to 548.
The number of gas production rigs decreased by one to 129, and the number of oil production rigs increased by two to 410. The total number of U.S. drilling rigs decreased by 30 rigs year-over-year. comparison.
Meanwhile, the number of drilling rigs in Canada increased by one to 124 in the week ended May 8. The number of drilling rigs in Canada increased by 10 compared to the same reporting period in the previous year.
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