Baker Hughes reports that the U.S. rig count is down 10 from last week to 632 with oil rigs down 8 to 512, gas rigs down 2 to 115 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 133 rigs from last year’s count of 765 with oil rigs down 93, gas rigs down 43 and miscellaneous up 3. The U.S. Offshore Rig Count is down 1 to 16, down 2 year-over-year. The Canada Rig Count is up 1 from last week to 190, with oil rigs down 3 to 116 gas rigs up 4 to 74. The Canada Rig Count is down 11 from last year’s count of 201, with oil rigs down 20, and gas rigs up 9.
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