U.S. rig count is up six rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up to 1, according to the latest weekly report from Baker Hughes, a GE Company.
U.S. Rig Count is up 201 rigs from last year's count of 789, with oil rigs up 169, gas rigs up 32, and miscellaneous rigs unchanged at 1.
The U.S. offshore rig count is unchanged at 13 rigs and down six rigs from last year's count of 19.
Canada rig count is down 54 rigs from last week to 219, with oil rigs down 52 to 144 and gas rigs down 2 to 75.
Canada rig count is down 57 rigs from last year's count of 276, with oil rigs down 5, gas rigs down 50, and miscellaneous rigs down 2.
If successful, the $100 million IPO filed by the minerals business of oil and gas entrepreneur Bud Brigham could help to end a drought of energy IPOs.
Schlumberger has spent billions of dollars to take over managing customers' oil fields, in some cases becoming an investor in the fields, while seeking to profit from increased oil production.
The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.