According to the latest report by Baker Hughes, for the week ending January 27, the Canadian rig count increased by 28 to 682 rigs and was up 45 year-on-year.
The US rig count held steady during the week ending January 27, at 2,008 rigs and remained up 276 year-on-year. Oil rigs increased last week by 2 to 1,225 and were up 416 rigs from the same week a year ago, while gas rigs decreased by 3 to 777, and were down 136 rigs year-on-year.