Baker Hughes Reports U.S. Rig Count Down 13 To 489 Rigs

Baker Hughes (BHI) reports the U.S. Rig Count is down 13 rigs from last week to 489, with oil rigs down 8 to 392, and gas rigs down 5 to 97. Says the U.S. Rig Count is down 703 rigs from last year at 1,192, with oil rigs down 530, gas rigs down 171, and miscellaneous rigs down 2. The U.S. Offshore rig count is 24, down 3 rigs from last week, and down 27 rigs year over year.

The Canadian Rig Count is down 46 rigs from last week to 129, with oil rigs down 33 to 50, and gas rigs down 13 to 79. The Canadian Rig Count is down 171 rigs from last year at 300, with oil rigs down 100, and gas rigs down 71.