Baker Hughes reported that for the week ending May 9, the US rig count increased by one to 1,855, following a seven-rig decrease the week before. The rig count is still up by 86 from 1,769 rigs during the same week a year ago. The oil rig count increased by one to 1,528, whereas the gas rig count remained level for the second week in a row at 323.
Meanwhile, the Canadian rig count decreased by 18 in the week ending May 9 to reach 145, following a five-rig decrease the previous week. However, the Canadian rig count is still up 27 from 118 rigs during the same week a year ago.