Baker Hughes (BKR) reports that the U.S. rig count is down 2 from last week to 576 with oil rigs down 1 to 473, gas rigs down 1 to 100 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 28 rigs from last year’s count of 604 with oil rigs down 24, gas rigs down 3 and miscellaneous down 1. The U.S. Offshore Rig Count is unchanged at 11, down 9 year-over-year. The Canada Rig Count is up 7 from last week to 121, with oil rigs up 6 to 74, gas rigs up 1 to 47 and miscellaneous rigs unchanged at 0. The Canada Rig Count is up 7 from last year’s count of 114 with oil rigs up 17, gas rigs down 10 and miscellaneous rigs unchanged.
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