Current BHI Stock Info

Baker Hughes rig count for the week ended May 1, 2015

The Baker Hughes (ticker: BHI) rig count for the week ended May 1, 2015, shows another decline in the number of rigs actively drilling for oil and gas in the U.S. The total number of active rigs fell 3% from last week to 905 rigs from 932 in the week ended April 24, 2015.

The number of rigs drilling for oil fell 3% to 679 from 703, while gas rigs fell 1% to 222 after increasing slightly in last week’s BHI rig count. The largest decrease in the total rig count came from Texas, which saw 13 rigs laid down in the last week, bringing its total to 380, down 512 rigs from this time last year.

The only states to record higher rig counts this week were North Dakota and Wyoming, which each added one rig to their overall rig counts. Rig counts in California, Colorado, Ohio, Utah and West Virginia remained unchanged.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.

Tags:

Legal Notice