Baker Hughes: 601 US rigs active, 463 targeting oil and 127 targeting gas
According to Baker Hughes, as reported by TradingView, 601 rigs are working in the US, including 463 oil and 127 gas. Canada counts 233.
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what happened
According to Baker Hughes, as reported by TradingView, 601 drilling rigs are active in the United States. Of these, 463 are searching for and producing oil, while 127 target gas.
The same data shows 233 rigs operating in Canada.
why it matters
The number of active rigs reflects drilling activity and gives a rough signal of future output. A rising count usually points to expanding drilling, while a falling count points to cutbacks in production spending. The report gives no comparison with the prior week, so one reading alone is not enough to judge price direction.
market impact
Oil and gas: rig data hints at the direction of future output, with a moderate effect on prices
tags
instruments
on polymarket
sources
- MNI: BAKER HUGHES US RIG COUNT 601; OIL RIGS 463; GAS RIGS 127 — TradingView, 13 November 2026 at 18:16 UTC
- MNI: BAKER HUGHES US RIG COUNT 601; CANADA 233 — TradingView, 13 November 2026 at 18:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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