Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website according to which the offshore rig count has climbed up a notch from last week, but dropped year over year.
BHI Rig Count: U.S. -8 to 787 rigs
U.S. Rig Count is down 8 rigs from last week to 787, with oil rigs down 10 to 595, gas rigs up 3 to 192, and miscellaneous rigs down 1 to 0.
U.S. Rig Count is down 1,131 rigs from last year at 1,918, with oil rigs down 995, gas rigs down 136, and miscellaneous rigs unchanged at 0.
The U.S. Offshore rig count is 33, up 1 rig from last week, and down 24 rigs year over year.
BHI Rig Count: Canada +1 to 181 rigs
Canadian Rig Count is up 1 rig from last week to 181, with oil rigs up 2 to 76, and gas rigs down 1 to 105.
Canadian Rig Count is down 236 rigs from last year at 417, with oil rigs down 155, and gas rigs down 81.