Baker Hughes has released rig count numbers for the week ending on October 23, with both the U.S. and Canadian industry seeing an uptick in its respective rig counts.
the U.S. rig count is up 5 from last week to 287 with oil rigs up 6 to 211, gas rigs down 1 to 73, and miscellaneous rigs unchanged at 3. Overall, the U.S. rig count is down 543 rigs from last year's count of 830, with oil rigs down 485, gas rigs down 60 and miscellaneous rigs up 2.
The U.S. offshore rig count is down 1 to 13, down 8 year-over-year.
In Canada, the rig count is up 3 from last week to 83, with oil rigs up 2 to 42, gas rigs up 1 to 41. Canada's rig count is down 64 rigs from last year's count of 147, with oil rigs down 60, gas rigs down 4.