Baker Hughes reports that the U.S. rig count is up 4 from last week to 622 with oil rigs unchanged at 500, gas rigs up 3 to 117 and miscellaneous rigs up 1 to 5. The U.S. Rig Count is down 162 rigs from last year’s count of 784 with oil rigs down 127, gas rigs down 38 and miscellaneous up 3. The U.S. Offshore Rig Count is up 2 to 21, up 4 year-over-year. The Canada Rig Count is up 1 from last week to 197, with oil rigs up 1 to 124, and gas rigs unchanged at 73. The Canada Rig Count is up 3 from last year’s count of 194, with oil rigs down 5, and gas rigs up 8.
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