Baker Hughes reports U.S. rig count up 5 to 402 rigs

Baker Hughes reports that the U.S. rig count is up 5 from last week at 402 with oil rigs up 4 to 309, gas rigs up 1 to 92, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is down 388 rigs from last year’s count of 790, with oil rigs down 369, gas rigs down 18 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is up 1 to 17, down 5 year-over-year. The Canada Rig Count is down 9 from last week to 163, with oil rigs down 8 to 92, gas rigs down 1 to 71. The Canada Rig Count is down 77 rigs from last year’s count of 240, with oil rigs down 71, gas rigs down 6.