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Rig count stays largely status quo in North America

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Baker Hughes has released their latest rig count report for the week ending on November 6, with the U.S. sector seeing a slight uptick in its numbers while the Canadian industry showed no movement over the week.

The U.S. rig count is up 4 from last week to 300 with oil rigs up 5 to 226, gas rigs down 1 to 71, and miscellaneous rigs unchanged at 3. Overall,  the U.S count is down 517 rigs from last year's count of 817, with oil rigs down 458, gas rigs down 59 and miscellaneous rigs unchanged at 3.

The U.S. offshore rig count is down 1 to 12, down 11 year-over-year.

In Canada, the rig count is unchanged from last week at 86, with oil rigs down 3 to 37, gas rigs up 3 to 49. Overall, The Canadian count is down 54 rigs from last year's count of 140, with oil rigs down 60, gas rigs up 6.

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