Weekly Baker Hughes rig count

  • Total Rig count 414 which is up 6 on the week.
  • Gas rig count 85 vs 82 last week

I know 85 + 328 = 413. So don't know where the extra 1 comes from (to 414). I am just reporting what I see. It must be a rounding error.

Oh I see, there is a single "Miscellaneous rig". Phew.

Anyway, it is the 2nd consecutive increase. Oil producers are probably slow playing the had in hopes the OPEC nations don't notice.