U.S. weekly offshore rig count tumbles third week in a row

The number of offshore rigs in the U.S. has dropped for the third week in a row and now stands at just 12 active units, according to a weekly rig count report by Baker Hughes.

Baker Hughes Rig Count: U.S. -35 to 339 rigs

U.S. Rig Count is down 35 rigs from last week to 339, with oil rigs down 34 to 258, gas rigs down 1 to 79, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is down 648 rigs from last year’s count of 987, with oil rigs down 544, gas rigs down 106, and miscellaneous rigs up 2 to 2.

The U.S. Offshore Rig Count is down 3 rigs from last week to 12 and down 10 year-over-year.

Baker Hughes Rig Count: Canada -3 rigs to 23 rigs

Canada Rig Count is down 3 rigs from last week to 23, with oil rigs unchanged at 7 and gas rigs down 3 to 16.

Canada Rig Count is down 40 rigs from last year’s count of 63, with oil rigs down 15 and gas rigs down 25.

Image by: SP Mac