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Rig report: Canadian market's hot streak continues

Rig report: Canadian market's hot streak continues

Baker Hughes has released their latest rig report, which saw positive returns across North America.

The U.S. rig count is up 5 from last week at 475 with oil rigs up 4 to 376, gas rigs up 1 to 99, and miscellaneous rigs unchanged at 0. 

Overall, the U.S. rig count is up 212 rigs from last year's count of 263, with oil rigs up 191, gas rigs up 23, and miscellaneous rigs down 2.

The U.S. offshore rig count is unchanged at 14, up 2 year-over-year.

In Canada, the rig count is up 10 from last week to 136, with oil rigs up 5 to 87, gas rigs up 3 to 47 and miscellaneous rigs up 2. 

Overall, the Canada rig count is up 118 rigs from last year's count of 18, with oil rigs up 81, gas rigs up 35 and miscellaneous rigs up 2.

Company info

2929 Allen Parkway, Suite 2100
Houston, TX
US, 77019-2118

Website:
bakerhughes.com

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