Baker Hughes, a GE company has posted its Weekly Rig Count reports.
US Rig Count is down 5 rigs from last week to 855, with oil rigs down 3 to 710, gas rigs down 2 to 144, and miscellaneous rigs unchanged at 1.
US Rig Count is down 197 rigs from last year’s count of 1,052, with oil rigs down 151, gas rigs down 45, and miscellaneous rigs down 1 rig to 1.
The US Offshore Rig Count is unchanged at 24 and up 1 rig year-over-year.
Canada Rig Count is up 17 rigs from last week to 144, with oil rigs up 17 to 105 and gas rigs unchanged at 39.
Canada Rig Count is down 38 rigs from last year’s count of 182, with oil rigs down 14 and gas rigs down 24.
Additional information on the Baker Hughes Rig Count is available at http://bhge.com/rig-count.