Baker Hughes reports that the U.S. rig count is up 3 from last week to 625 with oil rigs up 5 to 505, gas rigs down 1 to 116 and miscellaneous rigs down 1 to 4. The U.S. Rig Count is down 159 rigs from last year’s count of 784 with oil rigs down 122, gas rigs down 39 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 21, up 3 year-over-year. The Canada Rig Count is down 5 from last week to 192, with oil rigs down 2 to 122, and gas rigs down 3 to 70. The Canada Rig Count is down 3 from last year’s count of 195, with oil rigs down 6, and gas rigs up 3.
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