Current BHI Stock Info

Baker Hughes rig count for the week ended June 5, 2015

Rig counts fell to 868 in the first week of June, down 37 from the first of May when the total number of rigs in the U.S. numbered 905, according to the most recent rig count from Baker Hughes. The active rig count fell by about 1% again this week from last week when the rig count was 875.

The number of rigs drilling for oil fell by 4 to 642 from 646 last week. The number of rigs drilling for gas fell to 222 from 225. This marks the tenth straight week when the number of rigs drilling for gas remained in an eight-rig range between 217 and 225.

Louisiana added 3 rigs to its count, bringing the total to 70. West Virginia added two, while California and Kansas added one each. Texas saw the largest decline from last week, losing 5 and brining the state’s total to 364, still the largest rig count of any state, with Oklahoma having the second most at 106.

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