The number of offshore rigs in the U.S. has seen a steady increase for two weeks in a row. Baker Hughes’ weekly rig count report on Friday shows the number increased to 13 units last week.
Baker Hughes Rig Count: U.S. +7 to 528 rigs U.S. Rig Count is up 7 from last week to 528 with oil rigs up 7 to 428, gas rigs unchanged at 99, and miscellaneous rigs unchanged at 1. U.S. Rig Count is up 262 rigs from last year’s count of 266, with oil rigs up 239 gas rigs up 25 and miscellaneous rigs down 2 to 1. The U.S. Offshore Rig Count is up 3 to 13, down 1 year-over-year. Baker Hughes Rig Count: Canada +3 to 165 rigs. Canada Rig Count is up 3 from last week to 165, with oil rigs up 1 to 97, gas rigs up 3 to 68 and miscellaneous rigs down 1 to 0. Canada Rig Count is up 90 rigs from last year’s count of 75, with oil rigs up 60, gas rigs up 30 and miscellaneous unchanged at 0.