Baker Hughes reports U.S. rig count up 1 to 626 rigs

Baker Hughes reports that the U.S. rig count is up 1 from last week to 626 with oil rigs down 2 to 503, gas rigs up 3 to 119 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 154 rigs from last year’s count of 780 with oil rigs down 122, gas rigs down 34 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 21, up 3 year-over-year. The Canada Rig Count is up 2 from last week to 194, with oil rigs down 2 to 120, and gas rigs up 4 to 74. The Canada Rig Count is down 8 from last year’s count of 202, with oil rigs down 11, and gas rigs up 3.