The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery in Los Angeles, California. (Photo: Reuters)ro
The Baker Hughes North American Rig Count rose for the week ending September 22 as a slight decline in the United States (US) was offset by gains in Canada. For the last 2 weeks, the U.S. has reported more rigs than Canada being added, though both had been adding consistently this year.
The U.S. rig count is down by 1 for the week at 935, but is still up 424 rigs from last year at this time. U.S. rigs classified as drilling for oil were down by 5 to 744, while those classified as gas rigs were up 4 to 190.
The Canadian count is up 8 rigs ovrrall to 220 and is now up 82 rigs from last year. Canadian rigs classified as oil are up 10 to 122, while gas rigs are down by 2 to 98.
