Baker Hughes reports that the U.S. rig count is up 3 from last week to 589 with oil rigs up 5 to 482, gas rigs down 2 to 101 and miscellaneous rigs unchanged at 6. The U.S. Rig Count is down 75 rigs from last year’s count of 664 with oil rigs down 47, gas rigs down 27 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is down 1 to 21, up 2 year-over-year. The Canada Rig Count is up 14 from last week to 211, with oil rigs up 14 to 144, gas rigs up 1 to 67. The Canada Rig Count is up 18 from last year’s count of 193, with oil rigs up 23, gas rigs down 5 and miscellaneous unchanged at 0.
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