Baker Hughes has released their latest rig report, which saw another slight uptick for the American market while Canada had a big surge in their rig numbers for a second week running.
The U.S. rig count is up 5 from last week to 461 with oil rigs up 6 to 365, gas rigs down 1 to 96, and miscellaneous rigs unchanged at 0. Overall, the U.S. rig count is up 182 rigs from last year's count of 279, with oil rigs up 166 gas rigs up 18 and miscellaneous rigs down 2.
The U.S. offshore rig count is unchanged at 13, unchanged year-over-year.
In Canada, the rig count is up 16 from last week to 93, with oil rigs up 16 to 59, gas rigs unchanged at 34. Overall, the Canada rig count is up 77 rigs from last year's count of 21, with oil rigs up 52, gas rigs up 20.
Additional information on the Baker Hughes Rig Count is available at http://bakerhughes.com/rig-count.