Baker Hughes reports U.S. rig count up 4 to 623 rigs

Baker Hughes reports that the U.S. rig count is up 4 from last week to 623 with oil rigs unchanged at 499, gas rigs up 4 to 121 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 138 rigs from last year’s count of 761 with oil rigs down 110, gas rigs down 29 and miscellaneous up 1 to 2. The U.S. Offshore Rig Count is up 2 to 21, up 3 year-over-year. The Canada Rig Count is unchanged from last week at 232, with oil rigs unchanged at 141, and gas rigs unchanged at 91. The Canada Rig Count is down 18 from last year’s count of 250, with oil rigs down 20, and gas rigs up 2.