Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which offshore rig count has dropped.
BHI Rig Count: U.S. -29 to 1811 rigs
U.S. Rig Count is down 29 rigs from last week to 1811, with oil rigs down 17 to 1482, gas rigs down 12 to 328, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 60 rigs from last year at 1751, with oil rigs up 104, gas rigs down 44, and miscellaneous rigs unchanged at 1.
The U.S. Offshore rig count is 55, down 3 rigs from last week, and down 6 rigs year over year.
BHI Rig Count: Canada -48 to 208 rigs
Canadian Rig Count is down 48 rigs from last week to 208, with oil rigs down 42 to 52, and gas rigs down 6 to 156.
Canadian Rig Count is down 74 rigs from last year at 282, with oil rigs down 100, and gas rigs up 26.