US drilling rigs reach 603, with 459 oil and 133 gas rigs
Baker Hughes data show 603 active rigs in the US, including 459 oil and 133 gas units. Canada reports 217 rigs, according to TradingView.
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what happened
Baker Hughes reported that 603 drilling rigs were active in the United States as of October 16. Of these, 459 target oil and 133 target gas.
Canada had 217 rigs in operation, according to the same data. The figures were published by TradingView, citing RTT News and dpa-AFX.
why it matters
The active rig count gives a sense of how quickly shale oil and gas output could grow. Changes in this figure shape expectations for supply and therefore move WTI and Brent prices. Gas rigs matter for the outlook for Henry Hub.
market impact
Oil and gas: rig trends signal supply expectations, weighing on WTI and Brent
tags
instruments
sources
- MNI: BAKER HUGHES US RIG COUNT 603; CANADA 217 — ru.tradingview.com, 16 October 2026 at 18:13 UTC
- MNI: BAKER HUGHES US RIG COUNT 603; OIL RIGS 459; GAS RIGS 133 — ru.tradingview.com, 16 October 2026 at 18:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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