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[BUSINESS] · Canada, United States · 5 sources

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North American oil and gas rig counts show mixed activity

North American drilling activity remained relatively stable for the week ending October 23, 2026, according to Baker Hughes data. The total rig count in North America rose by three to 823 units, an increase of 74 compared to the same period last year.

In Canada, the rig count increased by three to 220. This total includes 150 oil-directed rigs, up two from the previous week, and 65 gas-directed rigs, which remained unchanged. This represents an increase of 21 rigs compared to last year.

The United States rig count held steady at 603, marking the third consecutive week without change and maintaining a 17-month high. This is 53 more rigs than the same week in 2025. Within the U.S., oil-directed rigs increased by one to 460, while gas-directed rigs decreased by one to 132.

Regional activity in the U.S. showed varied results: New Mexico added two rigs to reach 98, and Louisiana added one to reach 41. Conversely, Utah, Texas, and Colorado each saw a decrease of two or one rigs respectively.

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Baker Hughes · Canada · EIA · New Mexico · United States

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