U.S. Rig Count Adds 1

According to the latest Baker Hughes Rig Count, released March 5, the United States Rig Count was up one from the previous week at 403. Oil rigs were up one to 310, gas rigs were unchanged at 92, and miscellaneous rigs were unchanged at one.
 

• The U.S. rig count was down 390 rigs from last year’s count of 793, with oil rigs down 372, gas rigs down 17, and miscellaneous rigs down one.
• The U.S. offshore rig count was down three to 14, down nine year-over-year.
• The Canada Rig Count was down 22 from the previous week to 141. Oil rigs were down 12 to 80, and gas rigs were down 10 to 61.
• The Canada rig count was down 62 rigs from last year’s count of 203, with oil rigs down 54, and gas rigs down eight.