Baker Hughes has reported that for the week ending April 29, the
US rotary rig count dropped by 11, following a nine-rig decline the week before. This brings the current
US rotary rig count to 420. The number of rigs drilling for gas fell by one to 87, while the number of rigs drilling for oil declined by 11 to 332. The overall rig count is still down by 485 rigs, year-on-year.
Meanwhile, the Canadian rig count dropped by three in the week ending April 29 at 40, following a neutral trend the week before. The Canadian rig count is now down by 42 from the same week a year ago.