U.S. Offshore rig count drops
The U.S. offshore rig count has fallen, according to the Baker Hughes Weekly Rig Count report.
BHI Rig Count: U.S. -9 to 1922 rigs
U.S. Rig Count is down 9 rigs from last week to 1922, with oil rigs down 1 to 1591, gas rigs down 8 to 330, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 166 rigs from last year at 1756, with oil rigs up 219, gas rigs down 48, and miscellaneous rigs down 5.
The U.S. Offshore rig count is 61, down 1 rig from last week, and down 4 rigs year over year.
BHI Rig Count: Canada +1 to 430 rigs
Canadian Rig Count is up 1 rig from last week to 430, with oil rigs up 3 to 249, and gas rigs down 2 to 181.
Canadian Rig Count is up 69 rigs from last year at 361, with oil rigs up 40, and gas rigs up 29.
The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.