The number of offshore rigs in the U.S. remained steady for the third straight week but down seven units year over year, according to a Friday report by Baker Hughes.
Baker Hughes Rig Count: U.S. +8 to 392 rigs
U.S. Rig Count is up 8 from last week to 392 with oil rigs up 4 to 299, gas rigs up 4 to 92, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is down 398 rigs from last year’s count of 790, with oil rigs down 377, gas rigs down 19 and miscellaneous rigs down 2.
The U.S. Offshore Rig Count is unchanged at 16, down 7 year-over-year.
Baker Hughes Rig Count: Canada -3 rigs to 171 rigs
Canada Rig Count is down 3 from last week to 171, with oil rigs down 3 to 95, gas rigs unchanged at 76.
Canada Rig Count is down 86 rigs from last year’s count of 257, with oil rigs down 72, gas rigs down 14.