U.S. offshore rig count on the rise

The number of offshore rigs in the U.S. increased to 10 units last week after no change in the week before that, according to Baker Hughes’ weekly rig count report on Friday.

Baker Hughes Rig Count: U.S. +9 to 521 rigs

U.S. Rig Count is up 9 from last week to 521 with oil rigs up 10 to 421, gas rigs down 1 to 99, and miscellaneous rigs unchanged at 1.

U.S. Rig Count is up 260 rigs from last year’s count of 261, with oil rigs up 238 gas rigs up 24 and miscellaneous rigs down 2 to 1.

The U.S. Offshore Rig Count is up 4 to 10, down 4 year-over-year.

Baker Hughes Rig Count: Canada +8 to 162 rigs.

Canada Rig Count is up 8 from last week to 162, with oil rigs up 1 to 96, gas rigs up 6 to 65 and miscellaneous rig up 1 to 1.

Canada Rig Count is up 91 rigs from last year’s count of 71