U.S. weekly rig count stays flat. Down from 2016
The number of offshore rigs operating in the U.S. is down by four units last week, according to a report by Baker Hughes, a GE company.
Baker Hughes Rig Count: U.S. -4 to 936 rigs
U.S. Rig Count is down 4 rigs from last week to 936, with oil rigs down by two to 748, gas rigs also down by two to 187, with miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 412 rigs from last year’s count of 524, with oil rigs up 320, gas rigs up 93, and miscellaneous rigs down 1 to 2.
The U.S. Offshore Rig Count is unchanged from last week at 22 and down 1 year-over-year.
Baker Hughes Rig Count: Canada -4 to 209 rigs
Canada Rig Count is down 4 rigs from last week to 209, with oil rigs down 1 to 112 and gas rigs down 3 to 97.
Canada Rig Count is up 44 rigs from last year’s count of 165, with oil rigs up 25 and gas rigs up 19.