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Rig report: Both U.S. and Canadian markets show big gains

drilling rig in saskatchewan

Baker Hughes has released their latest rig report, which saw another positive week across both North American markets.

The U.S. rig count is up 9 from last week to 500 with oil rigs up 10 to 387, gas rigs down 1 to 102, and miscellaneous rigs unchanged at 1. 

Overall, the U.S. rig count is up 256 rigs from last year's count of 244, with oil rigs up 225, gas rigs up 32, and miscellaneous rigs down 1.

The U.S. offshore rig count is unchanged at 14, up 1 year-over-year.

In Canada, the rig count is up 8 from last week to 164, with oil rigs up 5 to 100, gas rigs up 1 to 60 and miscellaneous rigs unchanged at 1. 

Overall, the Canada rig count is up 110 rigs from last year's count of 54, with oil rigs up 81, gas rigs up 28 and miscellaneous rigs unchanged at 1.

Company info

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

Website:
bakerhughes.com

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