According to Baker Hughes’ latest Weekly Rig Count reports, the number of the U.S. offshore rigs tumbled during this past week and year over year.
BHI Rig Count: U.S. -10 to 757 rigs
U.S. Rig Count is down 10 rigs from last week to 757, with oil rigs down 10 to 564, and gas rigs unchanged at 193.
U.S. Rig Count is down 1,172 rigs from last year at 1,929, with oil rigs down 1,010, and gas rigs down 162.
The U.S. Offshore rig count is 30, down 3 rigs from last week, and down 23 rigs year over year.
BHI Rig Count: Canada -10 at 166 rigs
Canadian Rig Count is down 10 rigs from last week to 166, with oil rigs down 1 to 67, and gas rigs down 9 to 99.
Canadian Rig Count is down 268 rigs from last year at 434, with oil rigs down 176, and gas rigs down 92.