According to the latest report by Baker Hughes, for the week ending December 29, the Canadian rig count plunged by 185 to 221 and was down 25 year-on-year.
The US rig count fell by one in the week ending December 29 to 2,007, up 313 year-over-year. Oil rigs fell by eight last week to 1,193 and were up 428 from the same week a year ago, while gas rigs increased by seven to 809, and were down 110 rigs year-on-year.