Baker Hughes reports U.S. rig count down 7 to 623 rigs

Baker Hughes report the U.S. rig count is down 7 from last week to 623 rigs, with oil rigs down 5 to 502, gas rigs down 2 to 116 and miscellaneous rigs unchanged at 5. The U.S. rig count is down 142 rigs from last year’s count of 765, with oil rigs down 102, gas rigs down 43 and miscellaneous up 3. The U.S. offshore rig count is up 1 to 20, up 4 year-over-year.