Rig report: American market bounces back while Canada suffers setback
Baker Hughes has released their latest rig report, which saw the U.S. market begin to recover from Hurricane Ida, while Canada resumed its negative trend from weeks prior.
The U.S. rig count is up 6 from last week to 503 with oil rigs up 7 to 401, gas rigs down 1 to 101, 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 221, gas rigs up 30, and miscellaneous rigs down 2 to 1.
The U.S. offshore rig count is up 4 to 6, down 9 year-over-year.
In Canada, the rig count is down 9 from last week to 143, with oil rigs down 5 to 87, and gas rigs down 4 to 56.
Overall, the Canada rig count is up 91 rigs from last year's count of 52, with oil rigs up 68, and gas rigs up 23.