After weeks of no change, the number of offshore rigs in the U.S. decreased by one unit last week and by eight units year over year, according to a Friday report by Baker Hughes.
Baker Hughes Rig Count: U.S. +5 to 287 rigs
U.S. Rig Count is up 5 from last week to 287 with oil rigs up 6 to 211, gas rigs down 1 to 73, and miscellaneous rigs unchanged at 3.
U.S. Rig Count is down 543 rigs from last year’s count of 830, with oil rigs down 485, gas rigs down 60 and miscellaneous rigs up 2.
The U.S. Offshore Rig Count is down 1 to 13, down 8 year-over-year.
Baker Hughes Rig Count: Canada +3 rigs to 83 rigs
Canada Rig Count is up 3 from last week to 83, with oil rigs up 2 to 42, gas rigs up 1 to 41.
Canada Rig Count is down 64 rigs from last year’s count of 147, with oil rigs down 60, gas rigs down 4.