Rig report: Canada's slide continues while U.S. market has another good week
Baker Hughes has released their latest rig report, which saw the two North American markets continue to head in different directions.
The U.S. rig count is up 5 from last week to 508 with oil rigs up 5 to 410, gas rigs unchanged at 97, and miscellaneous rigs unchanged at 1.
Overall, the U.S. rig count is up 254 rigs from last year's count of 254, with oil rigs up 230, gas rigs up 25, and miscellaneous rigs down 1 to 1.
The U.S. offshore rig count is unchanged at 15, up 2 year-over-year.
In Canada, the rig count is down 9 from last week to 147, with oil rigs down 10 to 85, gas rigs up 2 to 62 and miscellaneous rigs unchanged at 0.
Overall, the Canada rig count is up 93 rigs from last year's count of 54, with oil rigs up 66, gas rigs up 27 and miscellaneous rigs unchanged at 0.