Baker Hughes, a GE company has posted its Weekly Rig Count reports.
US Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2.
US Rig Count is down 96 rigs from last year’s count of 1,054, with oil rigs down 79, gas rigs down 17, and miscellaneous rigs unchanged at 2.
The US Offshore Rig Count is up 2 rigs to 26 and up 7 rigs year-over-year.
Canada Rig Count is down 3 rigs from last week to 117, with oil rigs up 5 to 85 and gas rigs down 8 to 32.
Canada Rig Count is down 80 rigs from last year’s count of 197, with oil rigs down 54 and gas rigs down 26.
Additional information on the Baker Hughes Rig Count is available at http://bhge.com/rig-count.