Baker Hughes, a GE company has posted its Weekly Rig Count reports.
US Rig Count is down 4 rigs from last week to 954, with oil rigs down 5 to 779, gas rigs up 2 to 174, and miscellaneous rigs down 1 to 1.
US Rig Count is down 92 rigs from last year’s count of 1,046, with oil rigs down 79, gas rigs down 13, and miscellaneous rigs unchanged at 1.
The US Offshore Rig Count is unchanged from last week at 26 and up 9 rigs year-over-year.
Canada Rig Count is up 1 rig from last week to 118, with oil rigs down 2 to 83 and gas rigs up 3 to 35.
Canada Rig Count is down 93 rigs from last year’s count of 211, with oil rigs down 59 and gas rigs down 34.
Additional information on the Baker Hughes Rig Count is available at http://bhge.com/rig-count.