U.S. drilling rig numbers are on the way up. This was revealed on Friday by Baker Hughes in its weekly U.S. rig count report, which shows both onshore and offshore rig count rising compared to the previous week.
BHI Rig Count: U.S. +20 to 588 rigs
U.S. Rig Count is up 20 rigs from last week to 588, with oil rigs up 19 to 471, gas rigs up 1 to 116, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 169 rigs from last year’s count of 757, with oil rigs down 93, gas rigs down 77, and miscellaneous rigs up 1.
The U.S. Offshore Rig Count is up 2 rigs from last week at 23 and down 7 rigs year over year.
BHI Rig Count: Canada +8 to 184 rigs
Canadian Rig Count is up 8 rigs from last week to 184, with oil rigs up 11 to 100 and gas rigs down 3 to 84.
Canadian Rig Count is up 18 rigs from last year’s count of 166, with oil rigs up 33 and gas rigs down 15.