The Baker-Hughes Rig Count for North America fell 7 rigs in the week ending August 4 to 1,171, which is only the second decline in the last 14 weeks.
The U.S. count, down 4 rigs to 954, i still up nearly double (495 rigs) from last year at this time. Rigs classified as drilling for oil are down 21 to 765 and gas rigs by 3 to 217. Gas rigs are up 95 from the prior year.
The Canadian rig count was down by 3 to 217, and is now up 101 rigs from last year. Oil rigs classified are down 5 to 124 and gas rigs are up 2 to 93.