According to the latest report by Baker Hughes, for the week ending February 10, the Canadian rig count decreased by 1 to 709 rigs and was up 79 year-on-year.
The US rig count decreased during the week ending February 10, decreasing by 8 to 1,989 rigs and remained up 268 year-on-year. Oil rigs increased last week by 18 to 1,263 and were up 458 rigs from the same week a year ago, while gas rigs decreased by 25 to 720, and were down 186 rigs year-on-year.