Baker Hughes reports U.S. rig count down 4 to 776 rigs

Baker Hughes reports that the U.S. rig count is down 4 from last week to 776 with oil rigs down 5 to 620, gas rigs up 1 to 154 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 197 rigs from last year’s count of 579 with oil rigs up 145, gas rigs up 50 and miscellaneous up 2. The U.S. Offshore Rig Count is down 3 to 15, flat year-over-year. The Canada Rig Count is down 3 from last week to 199, with oil rigs down 7 to 124, gas rigs up 4 to 75. The Canada Rig Count is up 32 rigs from last year’s count of 167, with oil rigs up 20, gas rigs up 13 and miscellaneous rigs down 1.