Baker Hughes reports U.S. rig count up 9 to 521 rigs

Baker Hughes reports that the U.S. rig count is up 9 from last week to 521 with oil rigs up 10 to 421, gas rigs down 1 to 99, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is up 260 rigs from last year’s count of 261, with oil rigs up 238 gas rigs up 24 and miscellaneous rigs down 2 to 1. The U.S. Offshore Rig Count is up 4 to 10, down 4 year-over-year. The Canada Rig Count is up 8 from last week to 162, with oil rigs up 1 to 96, gas rigs up 6 to 65 and miscellaneous rig up 1 to 1. Canada Rig Count is up 91 rigs from last year’s count of 71.