Latest Baker Hughes rig count sees rise in U.S. numbers while the Canadian surge stalls
Baker Hughes has released their latest rig report on Friday, with the U.S. market seeing continued growth in its numbers week to week, while the Canadian industry saw its rig count suffer a minor setback.
The U.S. rig count is up 8 from last week to 392 with oil rigs up 4 to 299, gas rigs up 4 to 92, and miscellaneous rigs unchanged at 1. Overall, the U.S. rig count is down 398 rigs from last year's count of 790, with oil rigs down 377, gas rigs down 19 and miscellaneous rigs down 2.
The U.S. offshore rig count is unchanged at 16, down 7 year-over-year.
In Canada, the rig count is down 3 from last week to 171, with oil rigs down 3 to 95, gas rigs unchanged at 76. Overall, the Canadian rig count is down 86 rigs from last year's count of 257, with oil rigs down 72, 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.