Baker Hughes reports U.S. rig count up 7 to 629 rigs

Baker Hughes reports that the U.S. rig count is up 7 from last week to 629 with oil rigs up 6 to 510, gas rigs up 1 to 116 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 125 rigs from last year’s count of 754 with oil rigs down 79, gas rigs down 46 and miscellaneous unchanged. The U.S. Offshore Rig Count is up 3 to 24, up 7 year-over-year. The Canada Rig Count is down 18 from last week to 207, with oil rigs down 13 to 128, and gas rigs down 5 to 79. The Canada Rig Count is unchanged from last year’s count of 207, with oil rigs up 6, and gas rigs down 6.