Baker Hughes reports U.S. rig count unchanged at 539 rigs

Baker Hughes (BKR) reports that the U.S. rig count is unchanged from last week at 539 with oil rigs up 1 to 412, gas rigs down 1 to 122 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 47 rigs from last year’s count of 586 with oil rigs down 71, gas rigs up 24 and miscellaneous unchanged. The U.S. Offshore Rig Count is unchanged at 13, down 6 year-over-year. The Canada Rig Count is up 3 from last week to 183, with oil rigs up 4 to 126, gas rigs unchanged at 57 and miscellaneous rigs down 1 to 0. The Canada Rig Count is down 34 from last year’s count of 217 with oil rigs down 25, gas rigs down 9 and miscellaneous rigs unchanged.