Rig counts fall again; Canada hit hardest
Baker Hughes has released rig count numbers for the week ending on June 26.
U.S. Rig Count is down 1 rig from last week to 265 with oil rigs down 1 to 188, gas rigs unchanged at 75, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 702 rigs from last year's count of 967, with oil rigs down 605, gas rigs down 98, and miscellaneous rigs up 1 to 2.
The U.S. Offshore Rig Count is unchanged at 11 and down 15 year-over-year.
In Canada, the rig count is down 4 rigs from last week to 13, with oil rigs down 1 to 4 and gas rigs down 3 to 9. Canada Rig Count is down 111 rigs from last year's count of 124, with oil rigs down 80 and gas rigs down 31.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.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.