Baker Hughes rig report: Both North American markets see little to no change, week-over-week
Baker Hughes has released their latest rig report, which saw mostly a status quo across both North American markets.
In the U.S., the rig count is up 2 from last week to 455 with oil rigs up 4 to 356, gas rigs down 1 to 99, and miscellaneous rigs down 1 to 0. Overall, the U.S. rig count is up 137 rigs from last year's count of 318, with oil rigs up 119 gas rigs up 20 and miscellaneous rigs down 2.
The U.S. offshore rig count is up 1 to 14, up 2 year-over-year.
In Canada, the rig count is down 1 from last week to 58, with oil rigs unchanged at 25, gas rigs down 1 to 33. Overall, the Canadian rig count is up 37 rigs from last year's count of 21, with oil rigs up 17, gas rigs up 20.
Additional information on the Baker Hughes rig count is available on our rig count website at http://bakerhughes.com/rig-count.