U.S. offshore rig count decline continues

Following a one-rig-drop in the week before, last week’s U.S. offshore rig count was down by one more rig, according to a Friday report by the oilfield services provider Baker Hughes.

BHI Rig Count: U.S. +10 to 857 rigs

U.S. Rig Count is up 10 rigs from last week to 857, with oil rigs up 5 to 688, gas rigs up 5 to 167, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is up 426 rigs from last year’s count of 431, with oil rigs up 345, gas rigs up 79, and miscellaneous rigs up 2.

The U.S. Offshore Rig Count is down 1 rig from last week to 20 and down 6 rigs year over year.

BHI Rig Count: Canada -19 to 99 rigs

Canadian Rig Count is down 19 rigs from last week to 99, with oil rigs down 7 to 33 and gas rigs down 12 to 66.

Canadian Rig Count is up 59 rigs from last year’s count of 40, with oil rigs up 21, gas rigs up 39, and miscellaneous rigs down 1.

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