Baker Hughes reports U.S. rig count up 10 to 645 rigs
Baker Hughes (BKR) reports that the U.S. rig count is up 10 from last week to 645 with oil rigs up 4 to 520, gas up 6 to 124, and miscellaneous rigs unchanged at 1.
The U.S. Rig Count is up 248 rigs from last year’s count of 397 with oil rigs up 215 gas rigs up 33 and miscellaneous unchanged at 1.
The U.S. Offshore Rig Count is down 4 to 12, down 4 year-over-year.
The Canada Rig Count is up 1 from last week to 220, with oil rigs down 2 to 135, gas rigs up 3 to 85.
The Canada Rig Count is up 48 rigs from last year’s count of 172, with oil rigs up 35, gas rigs up 13.
The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets.
The Company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. The monthly international rig count was initiated in 1975.
West Texas Intermediate (WTI) is down 43 cents to $91.35 per barrel. Brent crude is up 31 cents to $93.25 per barrel. Gasoline last traded at $2.659 per gallon up a penny on the day. Get ready to pay more at the pump.
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