U.S. rig count climbs by 21 following stockpile decline


HOUSTON -- The U.S. rig count increased by a total 21 rigs in the latest Baker Hughes rig count, from 768 rigs working on March 10 to 789 rigs on March 17.

The total U.S. rig count has increased by 313 from its count of 476 one year ago. U.S. land rigs increased by 22, from 743 rigs working on March 10 to 765 on March 17, and the U.S. offshore rig count decreased by one, from 20 to 19 rigs.

The Canadian rig count decreased by 39 rigs, down from 315 rigs to 276 rigs in the latest count. The Canadian count also shows an annual increase, up by 207 rigs from its March 18, 2016 count of 69 rigs.  The international count increased by eight, from 933 rigs to 941 rigs within the past week. The annual international rig count is down by 77 rigs, from 1,018 last year.

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