According to Friday's report from Baker Hughes, for the week ending May 25, the Canadian rig count increased by 35 to 158 but was down 21 from the same week a year ago.
Meanwhile, the US rig count fell by three from the previous week to 1,983 but remained up 136 year-on-year. The oil rig count increased by just one to 1,383 (up 425 year-on-year), but was more than offset by a six-rig drop in gas rig counts; the gas rig count fell to 594, representing a decrease of 287 year-over-year.