Baker Hughes reports U.S. rig count up 2 to 553 rigs

Baker Hughes (BKR) reports that the U.S. rig count is up 2 from last week to 553 with oil rigs up 1 to 412, gas rigs up 1 to 133 and miscellaneous rigs unchanged at 8. The U.S. Rig Count is down 39 rigs from last year’s count of 592 with oil rigs down 75, gas rigs up 33 and miscellaneous up 3. The U.S. Offshore Rig Count is down 6 to 12, down 2 year-over-year. The Canada Rig Count is down 8 from last week to 197 with oil rigs down 8 to 131, gas rigs unchanged at 65 and miscellaneous unchanged at 1. The Canada Rig Count is down 2 from last year’s count of 199 with oil rigs down 8, gas rigs up 5 and miscellaneous rigs up 1.