According to the most recent report by Baker Hughes, the weekly US rotary rig count is down 20 from last week to 1694. This reflects a year-on-year increase of 505 rigs.
The Canadian rig count is down 65 from last week and is now at 246, representing a 37 year-over-year increase.
The US Offshore rig count is 25, down one from last week, and down 15 year-over-year.
The week ending December 30 and the week ending December 22 were only four and three-day weeks, respectively, due to the Christmas and New Year holidays.