Baker Hughes reports U.S. rig count down 1 to 592 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 1 from last week to 592 with oil rigs unchanged at 486, gas rigs down 1 to 101 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 30 rigs from last year’s count of 622 with oil rigs down 18, gas rigs down 14 and miscellaneous up 2. The U.S. Offshore Rig Count is up 1 to 14, down 7 year-over-year. The Canada Rig Count is down 14 from last week to 234, with oil rigs down 7 to 170, gas rigs down 7 to 64 and miscellaneous rigs unchanged at 0. The Canada Rig Count is up 9 rigs from last year’s count of 225 with oil rigs up 29, gas rigs down 20 and miscellaneous rigs unchanged.