According to Baker Hughes’ weekly rig count report from last Friday, the number of offshore rigs in the U.S. is continuing its slow, upward movement.
Baker Hughes Rig Count: U.S. +3 to 579 rigs U.S. Rig Count is up 3 from last week to 579 with oil rigs up 4 to 475, gas down 1 to 104, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 233 rigs from last year’s count of 346, with oil rigs up 212 gas rigs up 23 and miscellaneous rigs down 2. The U.S. Offshore Rig Count is up 1 to 15, down 1 year-over-year. Baker Hughes Rig Count: Canada -10 to 167 rigs Canada Rig Count is down 10 from last week to 167, with oil rigs down 6 to 104, gas rigs down 5 to 62 and miscellaneous rig up 1 to 1. Canada Rig Count is up 65 rigs from last year’s count of 102, with oil rigs up 63, gas rigs up 1 and miscellaneous rig up 1.