The Baker Hughes North American rig count is up 12 rigs in the May 4 week to 1,118. The U.S. rig count is up 11 rigs from last week to 1,032 and is up 155 rigs from last year at this time. The Canadian count is up 1 rig from last week to 86 and is up 4 rigs compared to last year.
For the U.S. count, rigs classified as drilling for oil are up 9 at 834, gas rigs are up 1 at 196, and miscellaneous rigs are up 1 at 2. For the Canadian count, rigs classified as drilling for oil are up 4 at 37 but gas rigs are down 3 at 49.