Baker Hughes reports that the U.S. rig count is up 2 from last week to 588 with oil rigs up 3 to 485, gas rigs down 1 to 97 and miscellaneous rigs unchanged at 6. The U.S. Rig Count is down 66 rigs from last year’s count of 654 with oil rigs down 40, gas rigs down 26 and miscellaneous rigs unchanged. The U.S. Offshore Rig Count is down 1 to 19, up 1 year-over-year. The Canada Rig Count is down 2 from last week to 217, with oil rigs down 3 to 147, gas rigs unchanged at 69 and miscellaneous rig up 1. The Canada Rig Count is up 27 from last year’s count of 190, with oil rigs up 31, gas rigs down 5 and miscellaneous up 1.
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