Baker Hughes reports that the U.S. rig count is up 22 from last week to 635 with oil rigs up 19 to 516, gas up 2 to 118, and miscellaneous rigs up 1 to 1. The U.S. Rig Count is up 238 rigs from last year’s count of 397 with oil rigs up 210 gas rigs up 28 and miscellaneous unchanged at 1. The U.S. Offshore Rig Count is unchanged at 16, down 1 year-over-year. The Canada Rig Count is up 1 from last week to 219, with oil rigs up 1 to 137, gas rigs unchanged at 82. The Canada Rig Count is up 43 rigs from last year’s count of 176, with oil rigs up 36, gas rigs up 7.
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