Baker Hughes reports U.S. rig count down 2 to 586 rigs

Baker Hughes reports that the U.S. rig count is down 2 from last week to 586 with oil rigs down 2 to 483, gas rigs up 1 to 98 and miscellaneous rigs down 1 to 5. The U.S. Rig Count is down 56 rigs from last year’s count of 642 with oil rigs down 37, gas rigs down 19 and miscellaneous rigs unchanged. The U.S. Offshore Rig Count is unchanged at 19, up 2 year-over-year. The Canada Rig Count is unchanged from last week at 217, with oil rigs up 4 to 151, gas rigs down 3 to 66 and miscellaneous rig down 1. The Canada Rig Count is up 28 from last year’s count of 189, with oil rigs up 32, gas rigs down 4 and miscellaneous unchanged.