The Eagle Fords rig count fell below 100 The number of rigs drilling in the Eagle Ford fell below 100 for the first time since at least February 2011, according to information from Baker Hughes (ticker: BHI). The Eagle Ford lost 4 rigs from this time last week, putting the total number in the basin at 98. The total number
Department of Justice given until November 25 to review Halliburton and Baker Hughes merger Oilfield service giants Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) announced today that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) that will extend the review period for the companies’ $34.6 billion merger. The agreement
Oil rig counts down for 29th consecutive week The total number of rigs drilling for oil and gas in the United States rose for the first time in 28 weeks, according to the Baker Hughes (ticker: BHI) rig count for the week ended June 26, 2015. The U.S. total rig count rose to 859, up 2 rigs from last week.
Baker Hughes rig count for the week ended June 19, 2015 The number of rigs drilling for oil and gas in the United States fell to 857 in the week ended June 19, 2015, a decline of just 2 rigs from last week. The 2 rig decline represents just a 0.3% decline in overall U.S. rig counts, and is the
Baker Hughes rig count for the week ended May 12, 2015: 859 The total number of active rigs drilling in the United States fell to 859 for the week ended June 12, 2015, according to Baker Hughes (ticker: BHI). For the week ended December 12, 2014, the U.S. rig count was at 1,893, marking a decline of 1,034 rigs in
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
Baker Hughes rig count for the week ended May 22, 2015 Rig counts fell for the 24th consecutive week this week, but showed the smallest decline since the drop in rig counts began in October of last year. The total number of active rigs in the U.S. for the week ended May 22, 2015, was 885, down just 3 rigs
Baker Hughes Rig Count for the week ended May 15, 2015 Rig counts fell for another consecutive week to 888 active rigs in the United States, representing a 1% decline from last week’s rig count of 894, according to the weekly Baker Hughes (ticker: BHI) rig count. This marks the second week of 1% declines in the overall rig count
Baker Hughes rig count for the week ended May 8, 2015 Total rig counts in the United States fell by just 11 rigs this week, or by just 1%, in one of the smallest week-to-week declines since the price of oil tumbled last November, sending rig counts plummeting. The Baker Hughes (ticker: BHI) rig count for the week ended May
Oilservice major Halliburton announces marketing of certain assets to satisfy antitrust laws Earlier this month, Halliburton (ticker: HAL) announced that it would divest $3.5 billion in assets in the first round of divestitures to satisfy antitrust concerns in its $35 billion acquisition of Baker Hughes (ticker: BHI). HAL will be separately marketing for sale the company’s Fixed Cutter and Roller
Analysts Impressed by Single-Digit Margin Losses Awaiting the Storm: 4,000 Deferred Well Completions Halliburton (ticker: HAL) had a tall task to live up to its record revenues from fiscal 2014, and although the company reported losses in Q1’15, its financials beat street estimates and showed resilience in an oilservice market that has become oversupplied. Halliburton management estimated that as many
Baker Hughes (ticker: BHI), in its weekly release, says the number of rigs exploring for oil and natural gas in the U.S. declined to 988 this week. This marked the first time the weekly count was below 1,000 since September 2009. Baker Hughes’s count put 760 rigs seeking oil and 225 were drilling for natural gas. Three were listed as
