Baker Hughes reports that the U.S. rig count is up 1 from last week to 765 with oil rigs up 2 to 604, gas rigs down 1 to 159 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 237 rigs from last year’s count of 528 with oil rigs up 176, gas rigs up 60 and miscellaneous up 1. The U.S. Offshore Rig Count is unchanged at 16, up 3 year-over-year. The Canada Rig Count is down 2 from last week to 213, with oil rigs down 4 to 144, gas rigs up 2 to 69. The Canada Rig Count is up 48 rigs from last year’s count of 165, with oil rigs up 47, gas rigs up 1.
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