U.S. Rig Count Adds 5

According to the latest Baker Hughes Rig Count, released February 12, the United States rig count was up five from the previous week to 397. Oil rigs were up seven to 306, gas rigs were down two to 90, and miscellaneous rigs were unchanged at one.

The U.S. rig count was down 393 rigs from last year’s count of 790, with oil rigs down 372, gas rigs down 20 and miscellaneous rigs down one.

The U.S. offshore rig count was up one to 17, but down six year over year.

The Canada rig count was up five from the previous week to 176, Baker Hughes reports. Oil rigs were up six to 101, while gas rigs were down one to 75.

The Canada rig count was down 79 rigs from last year’s count of 255, with oil rigs down 71 and gas rigs down eight.