Baker Hughes (BKR) reports that the U.S. rig count is up 2 from last week to 539 with oil rigs up 2 to 416, gas rigs unchanged at 118 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 51 rigs from last year’s count of 590 with oil rigs down 72, gas rigs up 21 and miscellaneous unchanged. The U.S. Offshore Rig Count is unchanged at 13, down 8 year-over-year. The Canada Rig Count is up 5 from last week to 186, with oil rigs up 3 to 126, gas rigs up 1 to 59 and miscellaneous rigs up 1 to 1. The Canada Rig Count is down 32 from last year’s count of 218 with oil rigs down 24, gas rigs down 8 and miscellaneous rigs unchanged.
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