Baker Hughes (BKR) reports that the U.S. rig count is unchanged from last week at 589 with oil rigs unchanged at 482, gas rigs up 1 to 103 and miscellaneous rigs down 1 to 4. U.S. Rig Count is down 34 rigs from last year’s count of 623 with oil rigs down 19, gas rigs down 16 and miscellaneous up 1. The U.S. Offshore Rig Count is down 1 to 14, down 5 year-over-year. The Canada Rig Count is down 3 from last week to 191, with oil rigs down 4 to 120, gas rigs up 1 to 71 and miscellaneous rigs unchanged at 0. The Canada Rig Count is up 6 rigs from last year’s count of 185 with oil rigs up 2, gas rigs up 4 and miscellaneous rigs unchanged.
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