Baker Hughes has reported that for the shortened holiday week ending November 27, the US rotary rig count decreased by one to 802 rigs following a three-rig decrease the week before. The number of rigs drilling for gas increased by two to 131, while the number of rigs drilling for oil decreased by three to 668. The overall rig count is now down by 274 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count decreased by 11 to 126 rigs in the week ending November 27, following a three-rig increase the week before. The Canadian rig count is now down by 73 rigs compared to the same week a year ago.