News Summary

• North America lost seven rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 29.
• The U.S. cut two rigs and Canada cut five rigs, taking the total North America rig count down to 711, comprising 536 rigs from the United States and 175 rigs from Canada, the count outlined.
• The total North American rig count is down 92 rigs compared to year ago levels, and Canada has cut 45 rigs, year on year.