Baker Hughes reports U.S. rig count down 1 to 621 rigs

Baker Hughes reports that the U.S. rig count is down 2 from last week to 621 with oil rigs down 2 to 497, gas rigs unchanged at 121 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 139 rigs from last year’s count of 760 with oil rigs down 110, gas rigs down 30 and miscellaneous up 1 to 2. The U.S. Offshore Rig Count is down 2 to 19, up 2 year-over-year. The Canada Rig Count is up 2 from last week to 234, with oil rigs up 3 to 144, and gas rigs down 1 to 90. The Canada Rig Count is down 14 from last year’s count of 248, with oil rigs down 19, and gas rigs up 5.