Baker Hughes reports U.S. rig count down 2 to 547 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 2 from last week to 547 with oil rigs down 4 to 418, gas rigs up 2 to 120 and miscellaneous rigs unchanged at 9. The U.S. Rig Count is down 39 rigs from last year’s count of 586 with oil rigs down 63, gas rigs up 19 and miscellaneous up 5. The U.S. Offshore Rig Count is unchanged at 15, down 3 year-over-year. The Canada Rig Count is up 3 from last week to 193, with oil rigs unchanged at 129, gas rigs up 3 to 63 and miscellaneous unchanged at 1. The Canada Rig Count is down 26 from last year’s count of 219 with oil rigs down 25, gas rigs down 2 and miscellaneous rigs up 1.