Baker Hughes reports that the U.S. rig count is down 3 from last week to 617 with oil rigs down 2 to 506, gas rigs down 1 to 109 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 134 rigs from last year’s count of 751 with oil rigs down 84, gas rigs down 49 and miscellaneous down 1. The U.S. Offshore Rig Count is down 1 to 19, up 2 year-over-year. The Canada Rig Count is up 5 from last week to 141, with oil rigs up 5 to 70, and gas rigs unchanged at 71. The Canada Rig Count is up 14 from last year’s count of 127, with oil rigs up 18, and gas rigs down 4.
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