Baker Hughes reports U.S. rig count down 5 to 588 rigs
Baker Hughes reports that the U.S. rig count is down 5 from last week to 588 with oil rigs down 3 to 452, gas rigs down 1 to 127 and miscellaneous rigs down 1 to 9. The U.S. Rig Count is up 50 rigs from last year's count of 538 with oil rigs up 41, gas rigs up 5 and miscellaneous rigs up 4. The U.S. Offshore Rig Count is down 2 to 10, down 3 year-over-year. The Canada Rig Count is down 3 from last week to 216 with oil rigs down 3 to 148, gas rigs unchanged at 65 and miscellaneous rigs unchanged at 3. The Canada Rig Count is up 36 from last year's count of 180 with oil rigs up 25, gas rigs up 9 and miscellaneous rigs up 2.