After two weeks of no change, the number of offshore rigs in the U.S. increased by one unit last week, according to Baker Hughes.
Baker Hughes Rig Count: U.S. unchanged at 470 rigs
U.S. Rig Count is unchanged from last week at 470 with oil rigs down 1 to 372, gas rigs up 1 to 98, and miscellaneous rigs unchanged at 0.
U.S. Rig Count is up 205 rigs from last year’s count of 265, with oil rigs up 184 gas rigs up 23 and miscellaneous rigs down 2.
The U.S. Offshore Rig Count is up 1 to 14, up 3 year-over-year.
Baker Hughes Rig Count: Canada +9 to 126 rigs.
Canada Rig Count is up 9 from last week to 126, with oil rigs up 8 to 82, gas rigs up 1 to 44.
Canada Rig Count is up 113 rigs from last year’s count of 13, with oil rigs up 78, gas rigs up 35.