Rig report: Canadian market has another big spike in rig count numbers
Baker Hughes has released their latest rig report, which saw another week with positive returns across North America.
The U.S. rig count is up 5 from last week at 484 with oil rigs up 2 to 380, gas rigs up 3 to 104, and miscellaneous rigs unchanged at 0.
Overall, the U.S. rig count is up 231 rigs from last year's count of 253, with oil rigs up 200, gas rigs up 33, and miscellaneous rigs down 2.
The U.S. offshore rig count is unchanged 17, up 5 year-over-year.
In Canada, the rig count is up 13 from last week to 150, with oil rigs up 6 to 94, gas rigs up 7 to 55 and miscellaneous rigs unchanged at 1.
Overall, the Canada rig count is up 118 rigs from last year's count of 32, with oil rigs up 88, gas rigs up 29 and miscellaneous rigs up 1.