According to the latest report by Baker Hughes, for the week ending February 3, the Canadian rig count increased by 28 to 710 rigs and was up 84 year-on-year.
The US rig count decreased during the week ending February 3, decreasing by 11 to 1,997 rigs and remained up 258 year-on-year. Oil rigs increased last week by 20 to 1,245 and were up 427 rigs from the same week a year ago, while gas rigs decreased by 32 to 745, and were down 166 rigs year-on-year.