Baker Hughes reports that the U.S. rig count is up 2 from last week to 624 with oil rigs up 1 to 502, gas rigs up 1 to 118 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 147 rigs from last year’s count of 771 with oil rigs down 110, gas rigs down 39 and miscellaneous up 2. The U.S. Offshore Rig Count is up 2 to 24, up 9 year-over-year. The Canada Rig Count is up 5 from last week to 198, with oil rigs up 5 to 121 gas rigs up 1 to 77 and miscellaneous down 1. The Canada Rig Count is down 12 from last year’s count of 210, with oil rigs down 23, and gas rigs up 11 and miscellaneous unchanged.
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