Baker Hughes has released their latest rig report, with both the U.S. and Canadian industry seeing a continued positive trend in their rig count numbers.
The U.S. rig count is up 6 from last week to 384 with oil rigs up 6 to 295, gas rigs unchanged at 88, and miscellaneous rigs unchanged at 1. Overall, the U.S. rig count is down 406 rigs from last year's count of 790, with oil rigs down 380, gas rigs down 24 and miscellaneous rigs down 2.
The U.S. offshore rig count is unchanged at 16, down 5 year-over-year.
The Canadian rig count is up 2 from last week to 174, with oil rigs up 2 to 98, gas rigs unchanged at 76. Overall in Canada, the rig count is down 73 rigs from last year's count of 247, with oil rigs down 59, gas rigs down 14.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.