Rig Count Picks Up

Rig Count Picks Up

Twelve more rigs are actively exploring for oil and natural gas in the U.S. this week compared to last week.

Baker Hughes Inc. says 1,461 are exploring for natural gas and 355 for oil and eleven are considered “miscellaneous.” That brings the total to 1,827. A year ago, the rig count stood at 1,769.

This week 63 rigs are running offshore, mostly in the Gulf of Mexico. That is down 13 from a year ago.

The rig count in Canada is down 16 from last week, to 96.

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