Baker Hughes reports U.S. rig count down 2 to 542 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 2 from last week to 542 with oil rigs down 7 to 415, gas rigs up 5 to 122 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 47 rigs from last year’s count of 589 with oil rigs down 67, gas rigs up 21 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is unchanged at 13, down 8 year-over-year. The Canada Rig Count is up 10 from last week to 182, with oil rigs up 8 to 128, gas rigs up 2 to 54 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 29 from last year’s count of 211 with oil rigs down 16, gas rigs down 13 and miscellaneous rigs unchanged.