Baker Hughes rig report: Positive news across the board as both U.S. and Canadian industry sees gains
Baker Hughes has released their latest rig report, with both the U.S. and Canadian industry seeing an uptick in their numbers.
The U.S. rig count is up 8 from last week to 448 with oil rigs up 2 to 344, gas rigs up 7 to 103, and miscellaneous rigs down 1 to 1. Overall, the U.S. rig count is up 74 rigs from last year's count of 374, with oil rigs up 52 gas rigs up 23 and miscellaneous rigs down 1 to 1.
The U.S. offshore rig count is unchanged at 13, down 2 year-over-year.
The Canadian rig count is up 4 from last week to 55, with oil rigs up 2 to 22, gas rigs up 2 to 33. Overall, the Canadian rig count is up 29 rigs from last year's count of 26, with oil rigs up 15, gas rigs up 14.
Additional information on the Baker Hughes rig count is available on our rig count website at http://bakerhughes.com/rig-count.