Baker Hughes reports U.S. rig count down 9 to 711 rigs

Baker Hughes reports that the U.S. rig count is down 9 from last week to 711 with oil rigs down 5 to 570, gas rigs down 4 to 137 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 16 rigs from last year’s count of 727 with oil rigs down 4, gas rigs down 14 and miscellaneous up 2. The U.S. Offshore Rig Count is down 1 to 20, up 4 year-over-year. The Canada Rig Count is up 2 from last week to 87, with oil rigs up 3 to 42, gas rigs down 1 to 45. The Canada Rig Count is down 16 rigs from last year’s count of 103 with oil down 13, gas rigs down 3.