Rig counts rise

Baker Hughes reports U.S. rig count up 9 to 907 rigs

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Baker Hughes (BHGE) reports that the U.S. rig count is up 9 rigs from last week to 907, with oil rigs up 9 to 738, gas rigs unchanged at 169, and miscellaneous rigs unchanged.

The U.S. Rig Count is up 339 rigs from last year’s count of 568, with oil rigs up 286, gas rigs up 54, and miscellaneous rigs down 1 to 1.

The U.S. Offshore Rig Count is unchanged from last week at 18 and down 3 rigs year-over-year.

The Canada Rig Count is up 11 rigs from last week to 203, with oil rigs up 8 to 108 and gas rigs up 4 to 95, and miscellaneous rigs down 1 to 0.

The Canada Rig Count is up 27 rigs from last year’s count of 176, with oil rigs up 19 and gas rigs up 8.

Crude oil last traded at $56.74 per barrel, down 43 cents.


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This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.

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