Baker Hughes reports U.S. rig count down 9 to 543 rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 9 from last week to 543 with oil rigs down 5 to 409, gas rigs down 4 to 127 and miscellaneous rigs unchanged at 7. The U.S. Rig Count is down 49 rigs from last year’s count of 592 with oil rigs down 75, gas rigs up 24 and miscellaneous rigs up 2. The U.S. Offshore Rig Count is down 1 to 11, down 3 year-over-year. The Canada Rig Count is down 24 from last week to 153 with oil rigs down 19 to 95, gas rigs down 5 to 58 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 10 from last year’s count of 163 with oil rigs down 13, gas rigs up 4 and miscellaneous rigs down 1.