Rig report: Canada sees big rise in rig numbers while U.S. market experiences another positive week
Baker Hughes has released their latest rig report, which saw a spike in numbers across both North American markets.
The U.S. rig count is up 9 from last week to 512 with oil rigs up 10 to 411, gas rigs down 1 to 100, and miscellaneous rigs unchanged at 1.
Overall, the U.S. rig count is up 257 rigs from last year's count of 255, with oil rigs up 232, gas rigs up 27, and miscellaneous rigs down 2 to 1.
The U.S. offshore rig count is unchanged at 6, down 8 year-over-year.
In Canada, the rig count is up 11 from last week to 154, with oil rigs up 8 to 95, and gas rigs up 3 to 59.
Overall, the Canada rig count is up 90 rigs from last year's count of 64, with oil rigs up 65, and gas rigs up 25.