Baker Hughes reports U.S. rig count down 4 to 771 rigs

Baker Hughes reports that the U.S. rig count is down 4 from last week to 771 with oil rigs down 10 to 613, gas rigs up 6 to 156 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 167 rigs from last year’s count of 604 with oil rigs up 122, gas rigs up 43 and miscellaneous up 2. The U.S. Offshore Rig Count is down 3 to 16, down 2 year-over-year. The Canada Rig Count is up 14 from last week to 241, with oil rigs up 12 to 153, gas rigs up 2 to 88. The Canada Rig Count is up 29 rigs from last year’s count of 212 with oil rigs up 19, gas rigs up 10.