Rig report: U.S. market continues its positive run while Canada suffers setback
Baker Hughes has released their latest rig report, which saw another the two North American markets head in opposite directions.
The U.S. rig count is up 3 from last week to 503 with oil rigs up 8 to 405, gas rigs down 5 to 97, and miscellaneous rigs unchanged at 1.
Overall, the U.S. rig count is up 249 rigs from last year's count of 254, with oil rigs up 222, gas rigs up 28, and miscellaneous rigs down 1 to 1.
The U.S. offshore rig count is up 1 at 15, up 2 year-over-year.
In Canada, the rig count is down 8 from last week to 156, with oil rigs down 5 to 95, gas rigs down 3 to 60 and miscellaneous rigs unchanged at 1.
Overall, the Canada rig count is up 100 rigs from last year's count of 56, with oil rigs up 75, gas rigs up 24 and miscellaneous rigs unchanged at 1.