The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery in Los Angeles, California. (Photo: Reuters)
The Baker Hughes North America Rig Count jumped 15 rigs for the week ending July 6, fueled by gains in both the United States and Canada. The U.S. rig count rose overall by 5, and the Canadian rig count rose by 10.
The U.S. rig count total is 1052, a gain of 100 from the previous year. At 182, the Canadian rig count is up 7 from last year.
Rigs classified as drilling for oil in Canada increased by 9 to 126 and those classified as gas rose 1 to 56. In the U.S., rigs classified as drilling for oil rose by 5 to 863, while those classified as gas were flat at 187.
The Gulf of Mexico, which is separate from the North America Rig Count, held steady at 18.
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And those of us in west Texas say WOOO WOOOOOOOO