According to the most recent report by Baker Hughes, for the week ending October 7, the US rotary rig count rose by 22 from the previous week to 2,012, reflecting a year-on-year increase of 341 rigs.
US oil rigs jumped 10 last week to 1,070, reflecting an increase of 380 rigs year-on-year, and remained higher than gas rig counts, which increased by 12 last week to 935 (down 36 year-over-year).
The Canadian rig count rose as well, increasing 12 from last week to 522, representing a year-on-year increase of 119 rigs.