North America Rig Count Trends

North America saw an increase in the number of rigs according to the latest report by Baker Hughes. The U.S. contributes 600 rigs and Canada adds 128 rigs, with specific changes in states like Louisiana and Pennsylvania. Standard Chartered Bank Commodities Research Head Paul Horsnell notes a significant trend in the gas rig count in the U.S., falling below 100 for the first time in 31 months.