Canadian rig count gets closer to bottom while US count still drops as well

Baker Hughes has reported that for the week ending April 8, the US rotary rig count dropped by seven, following a 14-rig decline the week before. This brings the current US rotary rig count to 443. The number of rigs drilling for gas increased by one to 89, while the number of rigs drilling for oil declined by eight to 354. The overall rig count is still down by 545 rigs, year-on-year.
 
Meanwhile, the Canadian rig count fell by eight in the week ending April 8 to 41, following a six-rig decrease the week before. The Canadian rig count is now down by 58 from the same week a year ago.