Baker Hughes' latest rig count shows bounce back in U.S. industry
Baker Hughes has released their latest rig count today, with the U.S. sector showing a turnaround from last week's drop off in its numbers, while the Canadian industry stayed relatively status quo.
The U.S. rig count is up 10 from last week to 320 with oil rigs down 10 to 241, gas rigs up 1 to 77, and miscellaneous rigs down 1 to 2. Overall, the U.S. rig count is down 482 rigs from last year's count of 802, with oil rigs down 427, gas rigs down 54 and miscellaneous down 1.
The U.S. offshore rig count is unchanged at 12, down 10 year-over-year.
In Canada, the rig count is up 1 from last week to 102, with oil rigs down 4 to 38, gas rigs up 5 to 64.
The Canadian rig count is down 24 rigs from last year's count of 126, with oil rigs down 39, gas rigs up 15.