The Baker Hughes North American Rig Count fell 9 points as declines in Canada outweighed slight but continued gaines in the United States (US). The Canadian count decline by 12 for the week and is now down 35 rigs since last year.
Rigs classified as drilling for oil fell by 9 and gas fell by 3.
The U.S. rig count is up 3 for the week and is still 224 rigs higher than this point last year.
Rigs classified as drilling for oil increased by 1 and gas by 2.
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Another poor decision by @JustinTrudeau
Canada..could be doing quite well..producing at $60 oil..… https://t.co/xEoGq9CIk1