Baker Hughes reports U.S. rig count down 4 to 590 rigs

Baker Hughes reports that the U.S. rig count is down 4 from last week to 590 with oil rigs down 4 to 488, gas rigs unchanged at 98 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 97 rigs from last year’s count of 687 with oil rigs down 64, gas rigs down 32 and miscellaneous down 1. The U.S. Offshore Rig Count is down 1 to 21, up 1 year-over-year. The Canada Rig Count is up 17 from last week to 160, with oil rigs up 15 to 104, and gas rigs up 1 to 55 and miscellaneous rigs up 1 to 1. The Canada Rig Count is up 1 from last year’s count of 159, with oil rigs up 1, and gas rigs down 1 and miscellaneous rigs up 1.