Baker Hughes reports U.S. rig count down 1 to 695 rigs

Baker Hughes reports that the U.S. rig count is down 1 from last week to 695 with oil rigs up 1 to 556, gas rigs down 2 to 135 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 38 rigs from last year’s count of 733 with oil rigs down 24, gas rigs down 16 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 20, up 5 year-over-year. The Canada Rig Count is up 39 from last week to 136, with oil rigs up 34 to 85, gas rigs up 5 to 51. The Canada Rig Count is down 5 rigs from last year’s count of 141 with oil rigs down 9, gas rigs up 4.