Baker Hughes reports U.S. rig count down 4 to 780 rigs

Baker Hughes reports that the U.S. rig count is down 4 from last week to 780 with oil rigs down 2 to 625, gas rigs down 2 to 153 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 204 rigs from last year’s count of 576 with oil rigs up 154, gas rigs up 48 and miscellaneous up 2. The U.S. Offshore Rig Count unchanged at 18, up 4 year-over-year. The Canada Rig Count is up 7 from last week to 202, with oil rigs up 3 to 131, gas rigs up 4 to 71. The Canada Rig Count is up 25 rigs from last year’s count of 177, with oil rigs up 21, gas rigs up 4.