Baker Hughes reports U.S. rig count up 1 to 620 rigs

Baker Hughes reports that the U.S. rig count is up 1 from last week to 620 with oil rigs down 2 to 497, gas rigs up 3 to 120 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 151 rigs from last year’s count of 771 with oil rigs down 116, gas rigs down 36 and miscellaneous up 1 to 2. The U.S. Offshore Rig Count is unchanged at 20, up 4 year-over-year. The Canada Rig Count is up 10 from last week to 223, with oil rigs up 7 to 140, and gas rigs up 3 to 83. The Canada Rig Count is down 18 from last year’s count of 241, with oil rigs down 13, and gas rigs down 5.