Baker Hughes reports U.S. rig count up 5 to 548 rigs

Baker Hughes (BKR) reports that the U.S. rig count is up 5 from last week to 548 with oil rigs up 2 to 411, gas rigs up 3 to 130 and miscellaneous rigs unchanged at 7. The U.S. Rig Count is down 42 rigs from last year’s count of 590 with oil rigs down 70, gas rigs up 26 and miscellaneous rigs up 2. The U.S. Offshore Rig Count is unchanged at 11, down 3 year-over-year. The Canada Rig Count is down 11 from last week to 142 with oil rigs down 7 to 88, gas rigs down 4 to 54 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 11 from last year’s count of 153 with oil rigs down 11, gas rigs unchanged and miscellaneous rigs unchanged.