Baker Hughes reports U.S. rig count down 4 to 580 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 4 from last week to 580 with oil rigs down 2 to 478, gas rigs down 2 to 98 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 40 rigs from last year’s count of 620 with oil rigs down 19, gas rigs down 22 and miscellaneous up 1. The U.S. Offshore Rig Count is unchanged at 14, down 6 year-over-year. The Canada Rig Count is up 13 from last week to 229, with oil rigs up 12 to 156, gas rigs up 1 to 73 and miscellaneous rigs unchanged at 0. The Canada Rig Count is up 6 rigs from last year’s count of 223 with oil rigs up 16, gas rigs down 10 and miscellaneous rigs unchanged.