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The number of drilling rigs in the USA and Canada decreased

In the week ended December 22, 2023, the US rig count decreased by three rigs and Canada's rig count decreased by thirty-nine rigs on a weekly basis.

The number of drilling rigs in the USA and Canada decreased

US drilling rig count decreased by 3 rigs

The number of US drilling rigs decreased by three to 620. While the number of natural gas rigs increased by 1 to 120, the number of oil rigs decreased by 3 to 498. The number of drilling rigs in the US decreased by a total of 159 rigs y-o-y.

Canada's drilling rig count decreased by 39 rigs

The number of drilling rigs in Canada decreased by 39 rigs to 146, while the annual total rose by 50 rigs.

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