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
The rig count for the week ended March 27, 2015, shows rigs declining at a slower rate The total number of active rigs drilling for oil and gas in the United States fell again this week to 1,048 from 1,069, according to the most recent Baker Hughes (ticker: BHI) rig count. The decline represents a 2% fall in the number
Rig count for the week ended March 20, 2015 Rig counts in the United States fell for the fifteenth straight week, according to the latest weekly report from Baker Hughes (ticker: BHI). Fifty-six wells were laid down this past week, bringing the total count in the U.S. to 1,069, down 5% from 1,125 last week. Oil rigs continue to be
The Baker Hughes active U.S. rig count shows another drop this week The Baker Hughes (ticker: BHI) weekly rig count for the week ended March 13, 2015, shows rig counts falling for the fourteenth straight week. The total number of active rigs in the U.S. fell by 67 to 1,125, down 6% from last week’s report. Rigs drilling for oil
The activity of independent E&Ps in the United States garnered plenty of news headlines in the recent earnings season, with the overwhelming majority dialing back their 2015 capital plans. Major producers like California Resources Corp. (ticker: CRC), LINN Energy (ticker: LINE), Oasis Petroleum (ticker: OAS), Rosetta Resources (ticker: ROSE), Whiting Petroleum (ticker: WLL) and WPX Energy (ticker: WPX) have all
Falling Rig Count, CapEx Cuts Having Impact Groundhog Day might have been a scare for two out of three groundhogs, but not for the world’s oil bulls. In spite of warnings of a short-lived rally from some banks, oil prices managed to climb nicely on Feb. 2, maintaining about a $5 spread between the key benchmarks, WTI and Brent. Analysts point
EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 191 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilService company earnings estimate for the quarter ending December 31, 2012, is $0.31 per share compared to actual earnings per share of $0.31
