Baker Hughes reports that the U.S. rig count is down 3 from last week to 746 with oil rigs down 2 to 590, gas rigs down 1 to 153 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is up 83 rigs from last year’s count of 663 with oil rigs up 63, gas rigs up 18 and miscellaneous up 2. The U.S. Offshore Rig Count is down 2 to 14, up 3 year-over-year. The Canada Rig Count is down 23 from last week to 223, with oil rigs down 19 to 139, gas rigs down 4 to 84. The Canada Rig Count is up 17 rigs from last year’s count of 206 with oil rigs up 12, gas rigs up 5.
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