Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 4 rigs from last week to 942, with oil rigs down 6 to 770, gas rigs up 2 to 171, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 102 rigs from last year's count of 1,044, with oil rigs down 89, gas rigs down 12, and miscellaneous rigs down 1 to 1.
The U.S. Offshore Rig Count is down 1 rig to 24 and up 7 rigs year-over-year.
Canada Rig Count is up 10 rigs from last week to 137, with oil rigs up 6 to 91 and gas rigs up 4 to 46. Canada Rig Count is down 86 rigs from last year's count of 223, with oil rigs down 61 and gas rigs down 25.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bhge.com/rig-count.
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Industries such as construction, mining, energy, utilities and forestry, face many challenges when it comes to tracking assets and employees. Equipment often has to be transferred between locations, or monitored while it is dormant during off seasons. Lone workers may have to travel long distances or visit multiple sites during the course of their activities. And, all of this is further complicated today with shifting supply chains and economic realities putting further strain on the bottom line.