Rig report: U.S. market trends upwards while Canada remains status quo
Baker Hughes has released their latest rig report, which saw the U.S. market show modest gains.
The U.S. rig count is up 7 from last week at 491 with oil rigs up 7 to 387, gas rigs unchanged at 104, and miscellaneous rigs unchanged at 0.
Overall, the U.S. rig count is up 240 rigs from last year's count of 251, with oil rigs up 206, gas rigs up 36, 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 down 1 from last week to 149, with oil rigs down 1 to 93, gas rigs unchanged at 55 and miscellaneous rigs unchanged at 1.
Overall, the Canada rig count is up 107 rigs from last year's count of 42, with oil rigs up 83, gas rigs up 23 and miscellaneous rigs up 1.