Rig report: Another positive week for both North American markets
Baker Hughes has released their latest rig report, which saw a slight uptick in rig count numbers in both U.S. and Canada.
The U.S. rig count is up 4 from last week at 479 with oil rigs up 2 to 378, gas rigs up 2 to 101, and miscellaneous rigs unchanged at 0.
Overall, the U.S. rig count is up 221 rigs from last year's count of 258, with oil rigs up 197, gas rigs up 26, and miscellaneous rigs down 2.
The U.S. offshore rig count is up 3 to 17, up 5 year-over-year.
In Canada, the rig count is up 1 from last week to 137, with oil rigs up 1 to 88, gas rigs up 1 to 48 and miscellaneous rigs down 1 to 1.
Overall, the Canada rig count is up 111 rigs from last year's count of 26, with oil rigs up 82, gas rigs up 28 and miscellaneous rigs up 1.