Rig counts stagnate across North America
Baker Hughes has released their rig count numbers for the week ending on June 12.
The U.S. rig count is down 5 rigs from last week to 279 with oil rigs down 7 to 199, gas rigs up 2 to 78, and miscellaneous rigs unchanged at 2.U.S. Rig Count is down 690 rigs from last year's count of 969, with oil rigs down 589, gas rigs down 103, and miscellaneous rigs up 2 to 2.
The U.S. Offshore Rig Count is unchanged at 13 and down 11 year-over-year.
In Canada, the rig count is unchanged from last week at 21, with oil rigs unchanged at 7 and gas rigs unchanged at 14.
Canada Rig Count is down 86 rigs from last year's count of 107, with oil rigs down 62 and gas rigs down 24. Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.