After two weeks of slow increase in units, the number of offshore rigs in the U.S. has lost its upward traction and came to a stop, thus, no change was recorded this week, based on Baker Hughes’ weekly rig count report on Thursday.
Baker Hughes Rig Count: U.S. +7 to 586 rigs U.S. Rig Count is up 7 from last week to 586 with oil rigs up 5 to 480, gas up 2 to 106, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 238 rigs from last year’s count of 348, with oil rigs up 216 gas rigs up 23 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is unchanged at 15, down 2 year-over-year. Baker Hughes Rig Count: Canada -34 to 133 rigs Canada Rig Count is down 34 from last week to 133, with oil rigs down 20 to 84, gas rigs down 13 to 49 and miscellaneous rig down 1 to 0. Canada Rig Count is up 51 rigs from last year’s count of 82, with oil rigs up 53, gas rigs down 2 and miscellaneous rigs unchanged.