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US oil rigs unchanged this week. Bakers Hughes said the U.S. oil rig count fell 4 last week, leaving a total of 759. Canada lost 13 rigs.

US Gas rigs added 3 rigs to 183 after they lost 2 rig last week. Over the past few weeks we have seen a steadying of new oil rigs in the US. Canada down 3 gas rigs

The total North America rig count fell -13 after falling 3 last week. 

 

BHI Rig Count

BHI Rig Count Basins

 

Since a six-year low of 316 in May 2016 drillers have added over 100%. Total oil and natural gas rig count ended 2016 at 658, down 6 percent from the 698 at the finish of 2015.

Baker Hughes North American Rig Summary

Source: Baker Hughes, TradersCommunity

From The TradersCommunity News Desk

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