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Baker Hughes' latest rig report sees continued slide in Canadian industry

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Baker Hughes has released their latest rig report, with the U.S. industry seeing a small bump in their rig count numbers, while Canada's numbers dipped for the second straight week.

The U.S. rig count is up 5 from last week at 402 with oil rigs up 4 to 309, gas rigs up 1 to 92, and miscellaneous rigs unchanged at 1. Overall, the U.S. rig count is down 388 rigs from last year's count of 790, with oil rigs down 369, gas rigs down 18 and miscellaneous rigs down 1.

The U.S. offshore rig count is up 1 to 17, down 5 year-over-year.

In Canada, the rig count is down 9 from last week to 163, with oil rigs down 8 to 92, gas rigs down 1 to 71. Overall, the Canadian rig count is down 77 rigs from last year's count of 240, with oil rigs down 71, gas rigs down 6.

 Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.

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2929 Allen Parkway, Suite 2100
Houston, TX
US, 77019-2118


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