This Weeks Rig Count

Baker Hughes BKR [a GE company] has released this week's rig counts. Here's the numbers for Friday May 13th, 2022.....

Baker Hughes Rig Count: U.S. +9 to 714 Rigs
U.S. Rig Count is up 9 from last week to 714 with oil rigs up 6 to 563, gas rigs up 3 to 149 and miscellaneous rigs unchanged at 2. U.S. Rig Count is up 261 rigs from last year's count of 453 with oil rigs up 211, gas rigs up 49 and miscellaneous rigs down 1 to 1. The U.S. Offshore Rig Count is up 1 to 18, up 3 year over year.

Baker Hughes Rig Count: Canada -3 to 88 Rigs
Canada Rig Count is down 3 from last week to 88, with oil rigs down 5 to 37, gas rigs up 2 to 51. Canada Rig Count is up 29 rigs from last year's count of 59, with oil rigs up 12, gas rigs up 17.

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Additional information on the rig count is available here on the Rig Count website.

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