Baker Hughes reports that the U.S. rig count is down 7 from last week to 581 with oil rigs down 6 to 479, gas rigs down 1 to 97 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 93 rigs from last year’s count of 674 with oil rigs down 66, gas rigs down 27 and miscellaneous unchanged. The U.S. Offshore Rig Count is unchanged at 21, up 2 year-over-year. The Canada Rig Count is up 10 from last week to 176, with oil rigs up 7 to 116, gas rigs up 2 to 59 and miscellaneous rigs up 1. The Canada Rig Count is up 9 from last year’s count of 167, with oil rigs up 7, gas rigs up 1 and miscellaneous rigs up 1.
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