Baker Hughes reports U.S. rig count down 7 to 622 rigs

Baker Hughes reports the U.S. rig count is down 7 from last week to 622 with oil rigs down 2 to 504, gas rigs down 4 to 115 and miscellaneous rigs down 1 to 3. The U.S. rig count is down 124 rigs from last year’s count of 746 with oil rigs down 86, gas rigs down 38 and miscellaneous unchanged. The U.S. offshore rig count is unchanged at 21, up 7 year-over-year.