Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. The U.S. offshore rig count is up from last week.
BHI Rig Count: U.S. +1 to 1929 rigs
U.S. Rig Count is up 1 rig from last week to 1929, with oil rigs down 4 to 1574, gas rigs up 5 to 355, and miscellaneous rigs unchanged at 0.
U.S. Rig Count is up 168 rigs from last year at 1761, with oil rigs up 187, gas rigs down 14, and miscellaneous rigs down 5.
The U.S. Offshore rig count is 53, up 1 rig from last week, and down 4 rigs year over year.
BHI Rig Count: Canada +32 to 434 rigs
Canadian Rig Count is up 32 rigs from last week to 434, with oil rigs up 27 to 243, and gas rigs up 5 to 191.
Canadian Rig Count is up 66 rigs from last year at 368, with oil rigs up 43, and gas rigs up 23.
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.