Baker Hughes rig report: Canadian market continues to see its numbers grow
Baker Hughes has released their latest rig report, which saw another positive week for Canada's market while the U.S. remained status quo.
The U.S. rig count is an unchanged from last week at 470 with oil rigs down 1 to 372, gas rigs up 1 to 98, and miscellaneous rigs unchanged at 0.
Overall, the U.S. rig count is up 205 rigs from last year's count of 265, with oil rigs up 184, gas rigs up 23, and miscellaneous rigs down 2.
The U.S. offshore rig count is up 1 at 14, up 3 year-over-year.
In Canada, the rig count is up 9 from last week to 126, with oil rigs up 8 to 82, gas rigs up 1 to 44.
Overall, the Canada rig count is up 113 rigs from last year's count of 13, with oil rigs up 78, gas rigs up 35.
Additional information on the Baker Hughes Rig Count is available at http://bakerhughes.com/rig-count.