After a sudden decline to 12 units, the number of offshore rigs in the U.S. came to a stop and remained unchanged last week, according to Baker Hughes’ weekly rig count report from last Friday.
Baker Hughes Rig Count: U.S. +5 to 650 rigs U.S. Rig Count is up 5 from last week to 650 with oil rigs up 2 to 522, gas up 3 to 127, and miscellaneous rigs unchanged at 1. U.S. Rig Count is up 248 rigs from last year’s count of 402 with oil rigs up 213 gas rigs up 35 and miscellaneous unchanged at 1. The U.S. Offshore Rig Count is unchanged at 12, down 5 year-over-year. Baker Hughes Rig Count: Canada +4 to 224 rigs Canada Rig Count is up 4 from last week to 224, with oil rigs up 3 to 138, gas rigs unchanged at 85 and miscellaneous up 1 to 1. Canada Rig Count is up 61 rigs from last year’s count of 163, with oil rigs up 46, gas rigs up 14 and miscellaneous up 1.