Baker Hughes reports that the U.S. rig count is down 5 from last week to 682 with oil rigs down 6 to 546, gas rigs unchanged at 130 and miscellaneous rigs up 1 to 6. The U.S. Rig Count is down 71 rigs from last year’s count of 753 with oil rigs down 48, gas rigs down 27 and miscellaneous up 4. The U.S. Offshore Rig Count is down 1 to 19, up 3 year-over-year. The Canada Rig Count is up 10 from last week to 169, with oil rigs up 7 to 110, gas rigs up 3 to 59. The Canada Rig Count is up 15 rigs from last year’s count of 154 with oil rigs up 6, and gas rigs up 9.
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