According to the weekly rig count reports released by Baker Hughes on Friday, January 17, the number of offshore rigs in the U.S. was down for the fourth week in a row.
Specifically, U.S. Rig Count is up 15 rigs from last week to 796, with oil rigs up 14 to 673, gas rigs up 1 to 120, and miscellaneous rigs unchanged at 3.
U.S. Rig Count is down 254 rigs from last year’s count of 1,050, with oil rigs down 179, gas rigs down 78, and miscellaneous rigs up 3 to 3.
The U.S. Offshore Rig Count is down 1 to 20 and up 1 rig year-over-year.
Moreover, the Canada Rig Count is up 41 rigs from last week to 244, with oil rigs up 32 to 152 and gas rigs up 9 to 92.
Canada Rig Count is up 35 rigs from last year’s count of 209, with oil rigs up 24 and gas rigs up 11.