Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website, and according to the data found in the reports, rigs, both on and off shore are on a downward slope.
BHI Rig Count: U.S. -18 to 619 rigs
U.S. Rig Count is down 18 rigs from last week to 619, with oil rigs down 12 to 498, and gas rigs down 6 to 121.
U.S. Rig Count is down 924 rigs from last year at 1,543, with oil rigs down 725, gas rigs down 198, and miscellaneous rigs down 1. The U.S. Offshore rig count is 28, down 1 from last week, and down 21 rigs year over year. BHI Rig Count: Canada -19 to 231 rigs
Canadian Rig Count is down 19 rigs from last week to 231, with oil rigs down 8 to 126, and gas rigs down 11 to 105.
Canadian Rig Count is down 163 rigs from last year at 394, with oil rigs down 74, and gas rigs down 89.