U.S. Rig Count Adds 8

According to the latest Baker Hughes Rig Count, released February 5, the United States rig count was up eight from the previous week to 392. Oil rigs were up four to 299, gas rigs were up four to 92, and miscellaneous rigs were unchanged at one.

The U.S. rig count was down 398 rigs from last year’s count of 790. Oil rigs were down 377, gas rigs were down 19, and miscellaneous rigs were down two.

The U.S. offshore rig count was unchanged at 16, down seven year over year.

The Canada rig count was down three from the previous week to 171, Baker Hughes reported. Oil rigs were down three to 95 and gas rigs were unchanged at 76.

The Canada rig count was down 86 rigs from last year’s count of 257, with oil rigs down 72 and gas rigs down 14.