The number of offshore rigs in the U.S. dropped by one unit over the last week, according to weekly rig count reports published last Friday by Baker Hughes Company.
Baker Hughes Rig Count: U.S. -34 to 374 rigs
U.S. Rig Count is down 34 rigs from last week to 374, with oil rigs down 33 to 292, gas rigs down 1 to 80, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is down 614 rigs from last year’s count of 988, with oil rigs down 513, gas rigs down 103, and miscellaneous rigs up 2 to 2.
The U.S. Offshore Rig Count is down 1 rig from last week to 15 and down 5 year-over-year.
Baker Hughes Rig Count: Canada -1 rigs to 26 rigs
Canada Rig Count is down 1 rig from last week to 26, with oil rigs unchanged at 7 and gas rigs down 1 to 19.
Canada Rig Count is down 37 rigs from last year’s count of 63, with oil rigs down 15 and gas rigs down 22.
Image by: SP Mac (used under permission from the photographer)