Baker Hughes' latest report shows continued rise in rig counts across North America
Baker Hughes has released their latest rig count report for the week ending on October 30, with both the U.S. and Canadian industry seeing a continued rise in their respective rig count numbers.
The U.S. rig count is up 9 from last week to 296 with oil rigs up 10 to 221, gas rigs down 1 to 72, and miscellaneous rigs unchanged at 3. Overall, the U.S. rig count is down 526 rigs from last year's count of 822, with oil rigs down 470, gas rigs down 58 and miscellaneous rigs up 2.
The U.S. offshore rig count is unchanged at 13, down 9 year-over-year.
In Canada, the rig count is up 3 from last week to 86, with oil rigs down 2 to 40, gas rigs up 5 to 46. The Canadian rig count is down 56 rigs from last year's count of 142, with oil rigs down 53, gas rigs down 3.