Offshore rig count going downhill

Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. According to the latest report, offshore rig count has dropped from the previous week.

BHI Rig Count: U.S. -2 to 857 rigs

U.S. Rig Count is down 2 rigs from last week to 857, with oil rigs down 4 to 631, gas rigs up 2 to 223, and miscellaneous rigs unchanged at 3.

U.S. Rig Count is down 1001 rigs from last year at 1858, with oil rigs down 914, gas rigs down 88, and miscellaneous rigs up 1.

The U.S. Offshore rig count is 27, down 2 rigs from last week, and down 32 rigs year over year.

BHI Rig Count: Canada +9 to 136 rigs

Canadian Rig Count is up 9 rigs from last week to 136 rigs, with oil rigs up 6 to 74, and gas rigs up 3 to 62.

Canadian Rig Count is down 129 rigs from last year at 265, with oil rigs down 92, and gas rigs down 37.