Baker Hughes reported that for the week ending August 29 the US rig count increased by 18 to 1,914, following a 17-rig decrease the week before. The rig count is still up by 138 from 1,776 rigs during the same week a year ago. The gas rig count increased by eight to 338, whereas the oil rig count increased by 11 to 1,575.
Meanwhile, the Canadian rig count increased by four in the week ending August 22 to reach 409 following another four-rig increase the previous week. The Canadian rig count is now up 10 from 399 rigs during the same week a year ago.