U.S. rigs take upward turn for first time since January, Canada creeps up again
Baker Hughes has released rig count numbers for the week ending on August 21, showing a big gain in the U.S. industry - the first increase since January - while Canadian numbers continue its slow but steady climb upward.
The U.S. rig count is up 10 from last week at 254 with oil rigs up 11 to 183, gas rigs down 1 to 69, and miscellaneous rigs unchanged at 2.
Overall the U.S. rig count is down 662 rigs from last year's count of 916, with oil rigs down 571, gas rigs down 93, and miscellaneous rigs unchanged at 2.
The U.S. offshore rig count is unchanged at 13 and down 15 year-over-year.
In Canada, the rig count is up 2 rigs from last week to 56, with oil rigs up 1 to 20, gas rigs up 1 to 36, and miscellaneous rigs unchanged at 0.
Canada Rig Count is down 83 rigs from last year's count of 139, with oil rigs down 75, gas rigs down 8 and miscellaneous rigs unchanged at 0.