Baker Hughes reports U.S. rig count down 7 to 583 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 7 from last week to 583 with oil rigs down 9 to 480, gas rigs up 1 to 97 and miscellaneous rigs up 1 to 6. The U.S. Rig Count is down 34 rigs from last year’s count of 617 with oil rigs down 26, gas rigs down 12 and miscellaneous up 4. The U.S. Offshore Rig Count is down 1 to 13, down 6 year-over-year. The Canada Rig Count is down 15 from last week to 138, with oil rigs down 8 to 91, gas rigs down 7 to 47 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 3 rigs from last year’s count of 141 with oil rigs up 21, gas rigs down 24 and miscellaneous rigs unchanged.