More U.S. and Canadian Rigs Working

More U.S. and Canadian Rigs Working

The number of rigs actively exploring for oil and natural gas this week in the U.S. rose by 16 from last week.

Of the rigs 1,862 rigs running, 1,471 were exploring for natural gas, 381 for oil and 10 were listed as miscellaneous, according to Houston-based Baker Hughes Inc., which tracks rig operations worldwide.

A year ago, the rig count stood at 1,744.

Of the total, 69 rigs operate offshore — mostly in the Gulf of Mexico. That is unchanged from last week, down six from a year ago.

In Canada, 132 rigs are running, up 10 from last week and down 11 from a year ago.

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