Baker Hughes reports U.S. rig count down 3 to 620 rigs

Baker Hughes reports that the U.S. rig count is down 3 from last week to 620 with oil rigs down 3 to 498, gas rigs up 1 to 120 and miscellaneous rigs down 1 to 2. The U.S. Rig Count is down 159 rigs from last year’s count of 779 with oil rigs down 124, gas rigs down 35 and miscellaneous unchanged at 2. The U.S. Offshore Rig Count is unchanged at 19, up 4 year-over-year. The Canada Rig Count is down 39 from last week to 146, with oil rigs down 37 to 81, and gas rigs down 2 to 65. The Canada Rig Count is up 50 from last year’s count of 96, with oil rigs up 49, and gas rigs up 1.