Baker Hughes reports U.S. rig count down 1 to 620 rigs

Baker Hughes reports that the U.S. rig count is down 1 from last week to 620 with oil rigs up 2 to 508, gas rigs down 2 to 110 and miscellaneous rigs down 1 to 2. The U.S. Rig Count is down 131 rigs from last year’s count of 751 with oil rigs down 82, gas rigs down 48 and miscellaneous down 1. The U.S. Offshore Rig Count is unchanged at 20, up 3 year-over-year. The Canada Rig Count is down 15 from last week to 136, with oil rigs down 10 to 65, and gas rigs down 5 to 71. The Canada Rig Count is up 9 from last year’s count of 127, with oil rigs up 13, and gas rigs down 4.