Current BHI Stock Info

The Energy Information Administration does not expect production to fall alongside rig counts
The Energy Information Administration (EIA) released a note today saying production is expected to remain relatively stable, despite lower rig counts. According to the EIA, a backlog in well completion will act as cushion for production rates, offsetting the more immediate decrease in drilling and permitting activity.

The latest information on rig counts from Baker Hughes (ticker: BHI) shows 1,633 wells in the United States. That’s 43 fewer tot...

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