Baker Hughes reports U.S. rig count up 9 to 411 rigs - InvestingChannel

Baker Hughes reports U.S. rig count up 9 to 411 rigs

Baker Hughes reports that the U.S. rig count is up 9 from last week at 411 with oil rigs up 9 to 318, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is down 361 rigs from last year’s count of 772, with oil rigs down 346, gas rigs down 14 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is unchanged at 13, down 6 year-over-year. The Canada Rig Count is down 24 from last week to 92, with oil rigs down 17 to 41, gas rigs down 7 to 51. The Canada Rig Count is down 6 rigs from last year’s count of 98, with oil rigs down 11, gas rigs up 5.