Baker Hughes reports U.S. rig count up 5 to 753 rigs

Baker Hughes reports that the U.S. rig count is up 5 from last week to 753 with oil rigs up 3 to 591, gas rigs up 2 to 159 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is up 58 rigs from last year’s count of 695 with oil rigs up 42, gas rigs up 15 and miscellaneous up 1. The U.S. Offshore Rig Count is unchanged at 20, up 7 year-over-year. The Canada Rig Count is down 6 from last week to 105, with oil rigs down 3 to 42, gas rigs down 3 to 63. The Canada Rig Count is up 4 rigs from last year’s count of 101 with oil down 6, gas rigs up 10.