Baker Hughes reports U.S. rig count down 2 to 603 rigs

Baker Hughes reports that the U.S. rig count is down 2 from last week to 603 with oil rigs down 3 to 496, gas rigs up 1 to 103 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 128 rigs from last year’s count of 731 with oil rigs down 90, gas rigs down 38 and miscellaneous unchanged. The U.S. Offshore Rig Count is up 1 to 19, down 3 year-over-year. The Canada Rig Count is down 4 from last week to 116, with oil rigs unchanged at 60, and gas rigs down 4 to 56. The Canada Rig Count is up 22 from last year’s count of 94, with oil rigs up 23, and gas rigs down 1.