Canada sees more gains in rig count numbers, while the U.S. falls again
Baker Hughes has released rig count numbers for the week ending on August 14, showing a steady but slow increase in Canadian numbers while the U.S. industry remains on the decline.
The U.S. rig count is down 3 from last week at 244 with oil rigs down 4 to 172, gas rigs up 1 to 70, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 691 rigs from last year's count of 935, with oil rigs down 598, gas rigs down 95, and miscellaneous rigs unchanged at 2.
The U.S. offshore rig count is up 1 to 13 and down 14 year-over-year.
In Canada, the rig count is up 7 rigs from last week to 54, with oil rigs up 6 to 19, gas rigs up 1 to 35, and miscellaneous rigs unchanged at 0 Canada Rig Count is down 88 rigs from last year's count of 142, with oil rigs down 82, gas rigs down 6 and miscellaneous rigs unchanged at 0
Additional information on the Baker Hughes Rig Count is available on the rig count website at bakerhughes.com/rig-count.