The Baker Hughes North American rig count is down 7 rigs in the February 16 week to 1,293. The U.S. rig count is unchanged from last week at 975 and is up 224 rigs from last year at this time. The Canadian count is down 7 rigs from last week to 318 and is down 13 rigs compared to last year.
For the U.S. count, rigs classified as drilling for oil are up 7 at 798 but gas rigs are down 7 at 177. For the Canadian Count, oil rigs are down 3 at 218 and gas rigs are down 4 at 100.