Baker Hughes reported Friday that for the week ending October 19, the US rig count increased by four to 1,839, following a 2-rig drop in the past week. Year-on-year, the US rig count is down 174 rigs. Rigs searching for natural gas increased by five to 427 after decreasing slightly last week. The gas-directed rig count is down by 500 from the same week a year ago. The oil-rig count, on the other hand, decreased by one to 1,410 over the past week, and the number of oil rigs is up 331 from a year ago.
Canada's rig count fell by six to 355 after decreasing by 11 a week ago. The rig count is down 142 year-on-year.