Baker Hughes has reported that for the week ending April 22, the
US rotary rig count dropped by nine, following a three-rig decline the week before. This brings the current
US rotary rig count to 431. The number of rigs drilling for gas fell by one to 88, while the number of rigs drilling for oil declined by eight to 343. The overall rig count is still down by 501 rigs, year-on-year.
Meanwhile, the Canadian rig count stayed neutral in the week ending April 22 at 40, following a one-rig decrease the week before. The Canadian rig count is now down by 39 from the same week a year ago.