After slow and consistent growth for two weeks in a row, the number of offshore rigs in the U.S. lost its upward momentum and remained flat at 18 last week, based on Baker Hughes’ weekly rig count report from last Friday.
Baker Hughes Rig Count: U.S. +3 to 604 rigs U.S. Rig Count is up 3 from last week to 604 with oil rigs down 1 to 491, gas up 4 to 113, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 226 rigs from last year’s count of 378, with oil rigs up 202 gas rigs up 25 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is unchanged at 18, up 2 year-over-year. Baker Hughes Rig Count: Canada +21 to 212 rigs. Canada Rig Count is up 21 from last week to 212, with oil rigs up 13 to 134, gas rigs up 8 to 78. Canada Rig Count is up 40 rigs from last year’s count of 172, with oil rigs up 38, gas rigs up 2.