Baker Hughes Incorporated has posted another Weekly Rig Count report according to which the overall U.S. rig count has dropped. Offshore rigs show an increase in numbers, though.
BHI Rig Count: U.S. -14 to 795 rigs
U.S. Rig Count is down 14 rigs from last week to 795, with oil rigs down 9 to 605, gas rigs down 6 to 189, and miscellaneous rigs up 1 to 1.
U.S. Rig Count is down 1,135 rigs from last year at 1,930, with oil rigs down 1,004, gas rigs down 131, and miscellaneous rigs unchanged at 1.
The U.S. Offshore rig count is 32, up two rigs from last week, and down 26 rigs year over year.
BHI Rig Count: Canada +1 to 180 rigs
Canadian Rig Count is up one rig from last week to 180, with oil rigs up 4 to 74, and gas rigs down 3 to 106.
Canadian Rig Count is down 240 rigs from last year at 420, with oil rigs down 158, and gas rigs down 82.