Baker Hughes has reported that for the week ending October 25, the US rotary rig count decreased by 21 to 830 rigs following a five-rig decrease the week before. The number of rigs drilling for gas decreased by four to 133, while the number of rigs drilling for oil decreased by 17 to 696. The overall rig count is now down by 238 rigs in a year-on-year comparison.
Meanwhile, the Canadian rig count increased by four to 147 rigs in the week ending October 25, following a three-rig decrease the week before. The Canadian rig count is now down by 53 rigs compared to the same week a year ago.