Baker Hughes Reports U.S. Rig Count Down 57 To 408 Rigs

Baker Hughes (BKR) reports that the U.S. rig count is down 57 rigs from last week to 408, with oil rigs down 53 to 325, gas rigs down 4 to 81, and miscellaneous rigs unchanged at 2. The U.S. Rig Count is down 582 rigs from last year's count of 990, with oil rigs down 482, gas rigs down 102, and miscellaneous rigs up 2 to 2.

The U.S. Offshore Rig Count is down 1 rig from last week to 16, and down 4 year-over-year. The Canada Rig Count is up 1 rig from last week to 27, with oil rigs down 1 to 7, and gas rigs up 2 to 20. The Canada Rig Count is down 34 rigs from last year's count of 61, with oil rigs down 10, and gas rigs down 24.
 

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