Rig counts mostly unchanged across North America; slight uptick in Canada
Baker Hughes has released rig count numbers for the week ending on July 31. While the latest report marked the first week in months that the U.S. did not see a drop in its overall numbers, Canada saw a positive result for the 5th straight week.
The U.S. Rig Count is unchanged from last week at 251 with oil rigs down 1 to 180, gas rigs up 1 to 69, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is down 691 rigs from last year's count of 942, with oil rigs down 590, gas rigs down 102, and miscellaneous rigs up 1 to 2.
The U.S. Offshore Rig Count is unchanged at 12 and down 10 year-over-year.
In Canada the rig count is up 3 rigs from last week to 45, with oil rigs up 1 to 11, gas rigs up 1 to 33, and miscellaneous rigs up 1 to 1
Canada Rig Count is down 92 rigs from last year's count of 137, with oil rigs down 80 and gas rigs down 13 and miscellaneous rigs up 1.