Both the US and Canadian rig counts fell in the abbreviated holiday week ended 27 November, Kallanish learns from energy services company Baker Hughes.

The US rig count fell by one net rig to 802, down 274 from the equivalent weekly count last year.

Rigs geared for oil production fell by three, while rigs geared for natural gas production increased by two.

Several states led the notable losses with just one rig apiece – Colorado, New Mexico, Oklahoma, Texas and Wyoming. Alaska led the notable net gains with two, followed by Louisiana with one.

The Canadian count, meanwhile, fell by 11 net rigs to 126, down 73 from last year.