Canada sees rise in rig counts while U.S. remain mired in slump
Baker Hughes has released rig count numbers for the week ending on July 3.
U.S. Rig Count is down 2 rigs from last week to 263 with oil rigs down 3 to 185, gas rigs up 1 to 76, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 700 rigs from last year's count of 963, with oil rigs down 603, gas rigs down 98, and miscellaneous rigs up 1 to 2.
The U.S. Offshore Rig Count is up 1 to 12 and down 12 year-over-year.
Meanwhile in Canada, the rig Count is up 5 rigs from last week to 18, with oil rigs up 2 to 6 and gas rigs up 3 to 12. Canada Rig Count is down 102 rigs from last year's count of 120, with oil rigs down 74 and gas rigs down 28.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.