According to Baker Hughes’ weekly rig count report from last Friday, the number of offshore rigs in the U.S. is gaining traction and continuing its upward progress.
Baker Hughes Rig Count: U.S. +13 to 601 rigs U.S. Rig Count is up 13 from last week to 601 with oil rigs up 11 to 492, gas up 2 to 109, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 228 rigs from last year’s count of 373, with oil rigs up 205 gas rigs up 24 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is up 2 to 18, up 2 year-over-year. Baker Hughes Rig Count: Canada +50 to 191 rigs Canada Rig Count is up 50 from last week to 191, with oil rigs up 43 to 121, gas rigs up 7 to 70. Canada Rig Count is up 30 rigs from last year’s count of 161, with oil rigs up 31, gas rigs down 1.