Baker Hughes reports U.S. rig count down 2 to 588 rigs

Baker Hughes reports that the U.S. rig count is down 2 from last week to 588 with oil rigs unchanged at 488, gas rigs down 1 to 96 and miscellaneous rigs down 1 to 4. The U.S. Rig Count is down 42 rigs from last year’s count of 630 with oil rigs down 19, gas rigs down 22 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is down 1 to 20, up 1 year-over-year. The Canada Rig Count is down 7 from last week to 211, with oil rigs down 6 to 144, gas rigs down 1 to 66 and miscellaneous rigs unchanged at 1. The Canada Rig Count is up 21 from last year’s count of 190, with oil rigs up 29, gas rigs down 9 and miscellaneous rigs up 1.