Baker Hughes reports U.S. rig count up 5 to 593 rigs

Baker Hughes reported a weekly rise in U.S. drilling activity, with the U.S. rig count increasing by 5 to 593. Oil rigs were up 1 to 455, while gas rigs rose 4 to 128; miscellaneous rigs stayed unchanged at 10. Compared with last year, the overall U.S. count is higher by 54 from 539, with oil rigs up 43, gas rigs up 6 and miscellaneous rigs up 5. Baker Hughes also reported that the U.S. offshore rig count fell by 2 to 12, down 1 year over year. In Canada, the rig count climbed 3 to 219, with oil rigs up 5, gas rigs flat at 65, and miscellaneous rigs down 2 to 3.