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, which saw big gains in both North American markets.
The U.S. rig count is up 9 from last week to 470 with oil rigs up 8 to 373, gas rigs down 1 to 97, and miscellaneous rigs unchanged at 0. Overall, the U.S. rig count is up 204 rigs from last year's count of 266, with oil rigs up 184 gas rigs up 22 and miscellaneous rigs down 2.
The U.S. offshore rig count is unchanged at 13, up 2 year-over-year.
In Canada, the rig count is up 24 from last week to 117, with oil rigs up 15 to 74, gas rigs up 9 to 43. Overall, the Canada rig count is up 100 rigs from last year's count of 17, with oil rigs up 69, gas rigs up 31.
Additional information on the Baker Hughes Rig Count is available at http://bakerhughes.com/rig-count.