According to Friday's report from Baker Hughes, for the week ending June 29, the US rig count fell by seven to 1,959, following a five-rig drop a week ago. The rig count remained up 73 year-on-year. While oil drilling in the US was unchanged in the last week at 1,421 (a 25-year high), rigs drilling for gas fell by seven to 534.
The Canadian rig count increased last week, rising by 23 to 261, reflecting a 21-rig increase compared to the same week a year ago.