Baker Hughes has reported that for the week ending July 15, the
US rotary rig count increased by seven to 447 following a nine-rig increase the week before. The number of rigs drilling for gas decreased by one to 89, while the number of rigs drilling for oil increased by six to 357. The overall rig count is still down by 410 rigs, year-on-year.
Meanwhile, the Canadian rig count increased by 14 in the week ending July 15 to 95 following a five-rig increase the week before. The Canadian rig count is still down by 97 from the same week a year ago.