Baker Hughes reports U.S. rig count up 1 to 621 rigs

Baker Hughes reports that the U.S. rig count is up 1 from last week to 621 with oil rigs up 2 to 499, gas rigs down 1 to 119 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 150 rigs from last year’s count of 771 with oil rigs down 110, gas rigs down 41 and miscellaneous up 1 to 2. The U.S. Offshore Rig Count is down 1 to 19, up 6 year-over-year. The Canada Rig Count is up 7 from last week to 230, with oil rigs up 4 to 144, and gas rigs up 3 to 86. The Canada Rig Count is down 17 from last year’s count of 247, with oil rigs down 13, and gas rigs down 4.