The number of offshore rigs in the U.S. is slowly starting its upward climb by increasing to 14 units last week, based on Baker Hughes’ weekly rig count report from last Friday.
Baker Hughes Rig Count: U.S. +7 to 576 rigs U.S. Rig Count is up 7 from last week to 576 with oil rigs up 4 to 471, gas up 3 to 105, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 238 rigs from last year’s count of 338, with oil rigs up 213 gas rigs up 26 and miscellaneous rigs down 1. The U.S. Offshore Rig Count is up 1 to 14, up 1 year-over-year. Baker Hughes Rig Count: Canada -3 to 177 rigs Canada Rig Count is down 3 from last week to 177, with oil rigs down 3 to 110, gas rigs unchanged at 67. Canada Rig Count is up 66 rigs from last year’s count of 111, with oil rigs up 58, gas rigs up 8.