Baker Hughes reports U.S. rig count up 2 to 432 rigs

Baker Hughes reports that the U.S. rig count is up 2 from last week at 432 with oil rigs unchanged at 337, gas rigs up 2 to 93, and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 170 rigs from last year’s count of 602, with oil rigs down 167, gas rigs down 3 and miscellaneous rigs unchanged at 2. The U.S. Offshore Rig Count is down 3 to 11, down 7 year-over-year. The Canada Rig Count is down 11 from last week to 58, with oil rigs down 5 to 19, gas rigs down 6 to 39. The Canada Rig Count is up 23 rigs from last year’s count of 35, with oil rigs up 13, gas rigs up 10.