Baker Hughes reports that the U.S. rig count is down 4 from last week to 619 with oil rigs down 5 to 497, gas rigs up 2 to 118 and miscellaneous rigs down 1 to 4. The U.S. Rig Count is down 143 rigs from last year’s count of 762 with oil rigs down 105, gas rigs down 40 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 20, up 7 year-over-year. The Canada Rig Count is down 11 from last week to 180, with oil rigs down 7 to 108 gas rigs down 4 to 72. The Canada Rig Count is down 35 from last year’s count of 215, with oil rigs down 40, and gas rigs up 5.
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