US and Canadian rig counts see varying trends week-on-week

US and Canadian rig counts see varying trends week-on-week

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Baker Hughes has reported that for the week ending September 4, the US rotary rig count increased by two to 256 rigs. The number of rigs drilling for gas remained level at 72, while the number of rigs drilling for oil increased by one to 181. The overall rig count is now down by 642 rigs in a year-on-year comparison.

Meanwhile, the Canadian rig count decreased by two to 52 rigs in the week ending September 4. The Canadian rig count is now down by 95 rigs compared to the same week a year ago.

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