Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the number of offshore rigs has plunged.
BHI Rig Count: U.S. -48 to 571 rigs
U.S. Rig Count is down 48 rigs from last week to 571, with oil rigs down 31 to 467, and gas rigs down 17 to 104.
U.S. Rig Count is down 885 rigs from last year at 1,456, with oil rigs down 673, gas rigs down 210, and miscellaneous rigs down 2.
The U.S. Offshore rig count is 26, down 2 from last week, and down 24 rigs year over year.
BHI Rig Count: Canada +11 to 242 rigs
Canadian Rig Count is up 11 rigs from last week to 242, with oil rigs up 5 to 131, and gas rigs up 6 to 111.
Canadian Rig Count is down 139 rigs from last year at 381, with oil rigs down 53, and gas rigs down 86.