Baker Hughes reports U.S. rig count down 7 to 618 rigs

Baker Hughes reports that the U.S. rig count is down 7 from last week to 618 with oil rigs down 8 to 496, gas rigs up 1 to 118 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 152 rigs from last year’s count of 770 with oil rigs down 117, gas rigs down 37 and miscellaneous up 2. The U.S. Offshore Rig Count is down 3 to 21, up 7 year-over-year. The Canada Rig Count is unchanged from last week at 196, with oil rigs unchanged at 122, and gas rigs unchanged at 74. The Canada Rig Count is down 13 from last year’s count of 209, with oil rigs down 19, and gas rigs up 6.