Baker Hughes rig report: Similar trends continue as Canada's numbers dwindle
Baker Hughes has released their latest rig report, with the U.S. industry seeing little to no movement in their rig count numbers, while Canada's numbers dipped for a fourth straight week.
The U.S. rig count is down 1 from last week at 402 with oil rigs down 1 to 309, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. Overall, the U.S. rig count is down 390 rigs from last year's count of 792, with oil rigs down 374, gas rigs down 15 and miscellaneous rigs down 1. The U.S. offshore rig count is down 1 to 13, down 6 year-over-year.
Canada's rig count is down 25 from last week to 116, with oil rigs down 22 to 58, gas rigs down 3 to 58. Overall, the Canadian rig count is down 59 rigs from last year's count of 175, with oil rigs down 57, gas rigs down 2.
Additional information on the Baker Hughes Rig Count is available on the rig count website at http://bakerhughes.com/rig-count.