Baker Hughes reports U.S. rig count up 3 to 629 rigs

Baker Hughes reports that the U.S. rig count is up 3 from last week to 629 with oil rigs up 3 to 506, gas rigs down 1 to 119 and miscellaneous rigs up 1 to 4. The U.S. Rig Count is down 120 rigs from last year’s count of 749 with oil rigs down 86, gas rigs down 35 and miscellaneous up 1. The U.S. Offshore Rig Count is up 1 to 21, up 5 year-over-year. The Canada Rig Count is unchanged from last week at 231, with oil rigs up 3 to 144, and gas rigs down 3 to 87. The Canada Rig Count is down 15 from last year’s count of 246, with oil rigs down 14, and gas rigs down 1.