Steady decline of rigs across North America continues
Baker Hughes has released their rig count numbers for the week ending on June 19.
U.S. Rig Count is down 13 rigs from last week to 266 with oil rigs down 10 to 189, gas rigs down 3 to 75, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 701 rigs from last year's count of 967, with oil rigs down 600, gas rigs down 102, and miscellaneous rigs up 1 to 2.
The U.S. Offshore Rig Count is down 2 rigs from last week to 11 and down 13 year-over-year.
In Canada, the rig count is down 4 rigs from last week to 17, with oil rigs down 2 to 5 and gas rigs down 2 to 12. Canada Rig Count is down 102 rigs from last year's count of 119, with oil rigs down 75 and gas rigs down 27.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.