New Baker Hughes report sees uptick in both U.S. and Canadian rig count numbers
Baker Hughes has released their latest rig report on Friday, with both the U.S. and Canadian markets seeing a rise in their rig count numbers.
The U.S. rig count is up 5 from last week to 397 with oil rigs up 7 to 306, gas rigs down 2 to 90, and miscellaneous rigs unchanged at 1. Overall, the U.S. rig count is down 393 rigs from last year's count of 790, with oil rigs down 372, gas rigs down 20 and miscellaneous rigs down 1.
The U.S. offshore rig count is up 1 to 17, down 6 year-over-year.
In Canada, the rig count is up 5 from last week to 176, with oil rigs up 6 to 101, gas rigs down 1 to 75. Overall the Canadian rig count is down 79 rigs from last year's count of 255, with oil rigs down 71, gas rigs down 8.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.