Baker Hughes reports U.S. rig count down 1 to 538 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 1 from last week to 538 with oil rigs down 1 to 411, gas rigs unchanged at 122 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 47 rigs from last year’s count of 585 with oil rigs down 72, gas rigs up 25 and miscellaneous unchanged. The U.S. Offshore Rig Count is unchanged at 13, down 6 year-over-year. The Canada Rig Count is down 3 from last week to 180, with oil rigs down 3 to 123, gas rigs down 1 to 56 and miscellaneous rigs up 1 to 1. The Canada Rig Count is down 39 from last year’s count of 219 with oil rigs down 30, gas rigs down 10 and miscellaneous rigs up 1.