Baker Hughes, a GE company has posted its Weekly Rig Count reports.
US Rig Count is down 8 rigs from last week to 934, with oil rigs down 6 to 764, gas rigs down 2 to 169, and miscellaneous rigs unchanged at 1.
US Rig Count is down 123 rigs from last year’s count of 1,057, with oil rigs down 105, gas rigs down 17, and miscellaneous rigs down 1 to 1.
The US Offshore Rig Count is up 1 rig to 25 and up 5 rigs year-over-year.
Canada Rig Count is up 3 rigs from last week to 140, with oil rigs up 3 to 94 and gas rigs unchanged at 46.
Canada Rig Count is down 69 rigs from last year’s count of 209, with oil rigs down 46 and gas rigs down 23.
Additional information on the Baker Hughes Rig Count is available at http://bhge.com/rig-count.