Baker Hughes rig report: U.S. industry rebounds while Canada's numbers continue to dwindle
Baker Hughes has released their latest rig report, with the U.S. industry seeing an increase in their rig count numbers for a second straight week, while Canada's slide continued.
The U.S. rig count is up 7 from last week at 439 with oil rigs up 7 to 344, gas rigs up 1 to 94, and miscellaneous rigs down 1 to 1. Overall, the U.S. rig count is down 90 rigs from last year's count of 529, with oil rigs down 94, gas rigs up 5 and miscellaneous rigs down 1.
The U.S. offshore rig count is up 1 to 12, down 5 year-over-year.
In Canada, the rig count is down 2 from last week to 56, with oil rigs down 2 to 17, gas rigs unchanged at 39. Overall, the Canadian count is up 26 rigs from last year's count of 26, with oil rigs up 10, gas rigs up 16.
Additional information on the Baker Hughes Rig Count is available on our rig count website at http://bakerhughes.com/rig-count.