Baker Hughes reports U.S. rig count down 11 to 630 rigs

Baker Hughes reports that the U.S. rig count is down 11 from last week to 630 with oil rigs down 8 to 507, gas rigs down 3 to 118 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 134 rigs from last year’s count of 764 with oil rigs down 95, gas rigs down 42 and miscellaneous up 3. The U.S. Offshore Rig Count is unchanged at 19, up 3 year-over-year. The Canada Rig Count is unchanged from last week at 190, with oil rigs down 4 to 115 gas rigs up 4 to 75. The Canada Rig Count is down 25 from last year’s count of 215, with oil rigs down 33, and gas rigs up 8.