The number of offshore rigs in the U.S. took a steep downward plunge last week and fell by 4 units, based on Baker Hughes’ weekly rig count report from last Friday.
Baker Hughes Rig Count: U.S. +10 to 645 rigs U.S. Rig Count is up 10 from last week to 645 with oil rigs up 4 to 520, gas up 6 to 124, and miscellaneous rigs unchanged at 1. U.S. Rig Count is up 248 rigs from last year’s count of 397 with oil rigs up 215 gas rigs up 33 and miscellaneous unchanged at 1. The U.S. Offshore Rig Count is down 4 to 12, down 4 year-over-year. Baker Hughes Rig Count: Canada +1 to 220 rigs Canada Rig Count is up 1 from last week to 220, with oil rigs down 2 to 135, gas rigs up 3 to 85. Canada Rig Count is up 48 rigs from last year’s count of 172, with oil rigs up 35, gas rigs up 13.