Baker Hughes reports U.S. rig count down 1 to 621 rigs

Baker Hughes reports that the U.S rig count is down 1 from last week to 621 with oil rigs up 1 to 501, gas rigs down 2 to 118 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 151 rigs from last year’s count of 772 with oil rigs down 117, gas rigs down 34 and miscellaneous unchanged at 2. The U.S. Offshore Rig Count is unchanged at 20, up 4 year-over-year. The Canada Rig Count is up 39 from last week to 125, with oil rigs up 31 to 58, and gas rigs up 8 to 67. The Canada Rig Count is down 64 from last year’s count of 189, with oil rigs down 55, and gas rigs down 9.