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Baker Hughes reports U.S. rig count down 2 to 616 rigs

Baker Hughes reports that the U.S. rig count is down 2 from last week to 616 with oil rigs down 2 to 494, gas rigs unchanged at 118 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 163 rigs from last year’s count of 779 with oil rigs down 128, gas rigs down 37 and miscellaneous up 2. The U.S. Offshore Rig Count is down 2 to 19, up 2 year-over-year. The Canada Rig Count is up 3 from last week to 199, with oil rigs up 3 to 125, and gas rigs unchanged at 74. The Canada Rig Count is down 1 from last year’s count of 200, with oil rigs down 8, and gas rigs up 7.

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