Current BHI Stock Info

Rig count sheds 3% of total
The U.S. rig count continued its trend downward in the week ended January 29, according to information from Baker Hughes (ticker: BHI, BakerHughes.com). The U.S. total rig count landed at 619, down 18 from last week, and 45 from the first Baker Hughes report of the year.

Both oil and gas focused rigs saw declines this week, with oil falling below 500 to 498 this week. The number of oil rigs stood at 1,223 a year ago, 60% higher than this week. Gas rigs saw another decline this week, falling by six rigs to 121. W...


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