U.S. offshore rig count rising

After two weeks and no change, the U.S. weekly offshore rig count went up during last week, according to weekly rig count reports by Baker Hughes. 

BHI Rig Count: U.S. +16 to 653 rigs

U.S. Rig Count is up 16 rigs from last week to 653, with oil rigs up 13 to 523, gas rigs up 3 to 129, and miscellaneous rigs unchanged at 1.

U.S. Rig Count is down 47 rigs from last year’s count of 700, with oil rigs down 15, gas rigs down 33, and miscellaneous rigs up 1.

The U.S. Offshore Rig Count is up 3 rigs from last week at 25 and up 1 rig year over year.

BHI Rig Count: Canada -10 to 224 rigs

Canadian Rig Count is down 10 rigs from last week to 224, with oil rigs down 10 to 106, gas rigs down 3 to 113, and miscellaneous rigs up 3 to 5.

Canadian Rig Count is up 98 rigs from last year’s count of 126, with oil rigs up 62, gas rigs up 31, and miscellaneous rigs up 5.