After losing traction and falling down by two units, the number of offshore rigs in the U.S. increased again last week, according to Baker Hughes’ weekly rig count report last Friday.
Baker Hughes Rig Count: U.S. +10 to 543 rigs U.S. Rig Count is up 10 from last week to 543 with oil rigs up 12 to 445, gas rigs down 1 to 98, and miscellaneous rigs down 1 to 0. U.S. Rig Count is up 261 rigs from last year’s count of 282, with oil rigs up 240 gas rigs up 24 and miscellaneous rigs down 3. The U.S. Offshore Rig Count is up 1 to 12, down 2 year-over-year.
Baker Hughes Rig Count: Canada +1 to 168 rigs Canada Rig Count is up 1 from last week to 168, with oil rigs up 3 to 98, gas rigs down 2 to 70. Canada Rig Count is up 88 rigs from last year’s count of 80, with oil rigs up 58, gas rigs up 30.