Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, according to which the U.S. offshore rig count is down by 1.
U.S. Rig Count is up 11 rigs from last week to 1925, with oil rigs up 9 to 1584, gas rigs up 2 to 340, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 158 rigs from last year at 1767, with oil rigs up 219, gas rigs down 54, and miscellaneous rigs down 7.
The U.S. Offshore rig count is 65, down 1 rig from last week, and unchanged year over year.
BHI Rig Count: Canada +5 to 414 rigs
Canadian Rig Count is up 5 rigs from last week to 414, with oil rigs down 3 to 228, and gas rigs up 8 to 186.
Canadian Rig Count is up 25 rigs from last year at 389, with oil rigs down 19, and gas rigs up 44.
The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.