Baker Hughes reports that the U.S. rig count is up 1 from last week to 632 with oil rigs up 1 to 513, gas rigs down 1 to 113 and miscellaneous rigs up 1 to 6. The U.S. Rig Count is down 127 rigs from last year’s count of 759 with oil rigs down 78, gas rigs down 53 and miscellaneous up 4. The U.S. Offshore Rig Count is up 2 to 19, up 4 year-over-year. The Canada Rig Count is down 5 from last week to 182, with oil rigs down 2 to 113 gas rigs down 3 to 69. The Canada Rig Count is down 23 from last year’s count of 205, with oil rigs down 27, and gas rigs up 4.
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