The number of active offshore rigs in the U.S. dropped for a third week in a row, according to a Friday rig count report by Baker Hughes, a GE company.
Baker Hughes Rig Count: U.S. +3 to 984 rigs
U.S. Rig Count is up 3 rigs from last week to 984, with oil rigs down 4 to 796, gas rigs up 7 to 188.
U.S. Rig Count is up 216 rigs from last year’s count of 768, with oil rigs up 179, gas rigs up 37.
The U.S. Offshore Rig Count is down 1 rig to 13 and down 7 rigs from last year’s count of 20.
Baker Hughes Rig Count: Canada -29 to 273 rigs
Canada Rig Count is down 29 rigs from last week to 273, with oil rigs down 15 to 196 and gas rigs down 14 to 77.
Canada Rig Count is down 42 rigs from last year’s count of 315, with oil rigs up 16 and gas rigs down 58.