Baker Hughes reports U.S. rig count down 2 to 263 rigs

Baker Hughes reports that the U.S. Rig Count is down 2 rigs from last week to 263 with oil rigs down 3 to 185, gas rigs up 1 to 76, and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 700 rigs from last year’s count of 963, with oil rigs down 603, gas rigs down 98, and miscellaneous rigs up 1 to 2. The U.S. Offshore Rig Count is up 1 to 12 and down 12 year-over-year. The Canada Rig Count is up 5 rigs from last week to 18, with oil rigs up 2 to 6 and gas rigs up 3 to 12. The Canada Rig Count is down 102 rigs from last year’s count of 120, with oil rigs down 74 and gas rigs down 28.