Baker Hughes reports U.S. rig count up 8 to 754 rigs

Baker Hughes reports that the U.S. rig count is up 8 from last week to 754 with oil rigs down 1 to 589, gas rigs up 9 to 162 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is up 91 rigs from last year’s count of 663 with oil rigs up 65, gas rigs up 25 and miscellaneous up 1. The U.S. Offshore Rig Count is up 3 to 17, up 5 year-over-year. The Canada Rig Count is down 16 from last week to 207, with oil rigs down 17 to 122, gas rigs up 1 to 85. The Canada Rig Count is up 31 rigs from last year’s count of 176 with oil rigs up 19, gas rigs up 12.