Baker Hughes reported Friday that for the week ending February 8, the US rig count fell by five to 1,759, following an 11-rig increase the prior week. Year-on-year, the US rig count was down 230 rigs. During the past week, 1,330 rigs were drilling for oil, down two from the previous week, while gas-directed drilling rigs dropped by three to 425.
Canada's rig count increased by six to 631, following a four-rig increase last week. Nonetheless, Canada's rig count was down 78 year-on-year.