Weekly Rig Count Update: November Snapshot | South Texas Oil and Gas Equipment Supply

The latest Baker Hughes Rig Count shows shifts across the U.S., Canada, and international markets:

• U.S.: 582 rigs (Weekly: -1 | Yearly: -43)

• Canada: 205 rigs (Weekly: +4 | Yearly: +13)

• International: 950 rigs (Monthly: +3 | Yearly: -12)

Weekly Rig Count Update: November Snapshot

Key Takeaways of Rig Count Update

✅ U.S. Stability: The U.S. continues to face a yearly decline, reflecting cautious drilling amid market fluctuations.

✅ Canada Gains Momentum: A notable weekly rise positions Canada as a consistent performer, signaling steady demand in the region.

✅ Global Outlook: International rig counts update remain stable, with slight monthly gains reflecting measured growth in the global energy market.

Stay informed with these updates to navigate the evolving energy landscape effectively.

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