Baker Hughes has reported that for the week ending January 22, the
US rotary rig count dropped by 13, following a 14-rig decline the week before. This brings the current
US rotary rig count to 637. The number of rigs drilling for gas declined by eight to 127, while the number of rigs drilling for oil declined by five to 510. The overall rig count is still down by 996 rigs, year-on-year.
Meanwhile, the Canadian rig count increased by 23 in the week ending January 22 to 250, following a 61-rig increase the week before. The Canadian rig count is still down by 182 from 432 rigs during the same week a year ago.