According to the latest report from Baker Hughes, for the week ending March 30, Canada's rig count fell 96 to 256 rigs, flowing a 165-rig drop the previous week; the overall rig count is down 29 year-on-year.
The US rig count increased by 11 to 1,979 last week and is up 203 year-on-year. After weeks of declines, the US gas rig count was up six to 658, but remained down 233 year-over-year. Oil rigs increased by five to 1,318 and are up 441 from the same week a year ago.