U.S. weekly offshore rig count is out, and according to Baker Hughes, the number of offshore rigs remains unchanged. Onshore rigs, on the other hand, are on the rise.
BHI Rig Count: U.S. +27 to 624 rigs
U.S. Rig Count is up 27 rigs from last week to 624, with oil rigs up 21 to 498, gas rigs up 6 to 125, and miscellaneous rigs unchanged at 1. According to Reuters, this is the biggest number of rigs added in a week since July 2015.
Despite the rise in rig numbers this past week, the U.S. Rig Count is still down 85 rigs from last year’s count of 709, with oil rigs down 26, gas rigs down 60, and miscellaneous rigs up 1.
The U.S. Offshore Rig Count is unchanged from last week at 22 and down 1 rig year over year.
BHI Rig Count: Canada +30 to 230 rigs
Canadian Rig Count is up 30 rigs from last week to 230, with oil rigs up 17 to 117, gas rigs up 14 to 112, and miscellaneous rigs down 1 to 1.
Canadian Rig Count is up 56 rigs from last year’s count of 174, with oil rigs up 44, gas rigs up 11, and miscellaneous rigs up 1.