Baker Hughes (BKR) reports that the U.S. rig count is up 7 from last week to 544 with oil rigs down 2 to 422, gas rigs up 9 to 117 and miscellaneous rigs unchanged at 5. The U.S. Rig Count is down 42 rigs from last year’s count of 586 with oil rigs down 55, gas rigs up 14 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is unchanged at 13, down 9 year-over-year. The Canada Rig Count is up 10 from last week to 172, with oil rigs up 8 to 120, gas rigs up 2 to 52 and miscellaneous rigs unchanged at 0. The Canada Rig Count is down 25 from last year’s count of 197 with oil rigs down 14, gas rigs down 10 and miscellaneous rigs down 1.
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