Baker Hughes

Natural Gas Drilling Slides, GOM Gains in BKR’s Latest Tally

Natural Gas Drilling Slides, GOM Gains in BKR’s Latest Tally

The U.S. natural gas rig count dropped eight units to fall to 150 for the week ended Friday (Feb. 10), while a 10-rig increase in oil-directed drilling pushed the overall domestic tally two units higher to 761, according to updated figures from Baker Hughes Co. (BKR). Land drilling declined by four units domestically, while the…

February 10, 2023
GOM Gains Six Rigs, Land Drilling Slides in Latest Baker Count

GOM Gains Six Rigs, Land Drilling Slides in Latest Baker Count

Reflecting a notable upswing in the Gulf of Mexico (GOM) and a decline in U.S. land drilling, the domestic rig count rose two units to 761 for the week ended Friday (Feb. 10), according to the latest tally from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week,…

February 10, 2023
‘Good Time’ for Global LNG as Customers Ready to Talk, Says Baker Hughes CEO

‘Good Time’ for Global LNG as Customers Ready to Talk, Says Baker Hughes CEO

Baker Hughes Co. generated record orders in the fourth quarter, driven by “multiple awards” for  LNG and offshore production equipment, CEO Lorenzo Simonelli said Monday. In a conference call to discuss quarterly and full-year earnings, the CEO noted that operationally, the Houston-based oilfield services (OFS) giant “continues to navigate challenges” in “different parts of the…

January 23, 2023
Oil Activity Picks  Up, Natural Gas Slows Down Ahead of Thanksgiving Holiday

Oil Activity Picks Up, Natural Gas Slows Down Ahead of Thanksgiving Holiday

Driven by gains in the oil patch, the U.S. rig count added two rigs overall to reach 784 during the holiday-shortened work week ended Wednesday (Nov. 23), according to updated numbers published by oilfield services provider Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United States for the period, partially offset by…

November 23, 2022
Natural Gas Drilling Flat in Latest BKR Count; Permian, GOM Totals Climb

Natural Gas Drilling Flat in Latest BKR Count; Permian, GOM Totals Climb

The U.S. natural gas rig count finished unchanged at 155 for the week ended Nov. 11, while gains in the Gulf of Mexico (GOM) and in the Permian Basin helped drive the combined domestic tally nine units higher to 779, according to updated numbers published Friday by Baker Hughes Co. (BKR). Oil-directed drilling accounted for…

November 14, 2022
Permian, GOM Lead Surge in U.S. Drilling Activity in Updated BKR Count

Permian, GOM Lead Surge in U.S. Drilling Activity in Updated BKR Count

Driven by strong growth in the Permian Basin and in the Gulf of Mexico (GOM), the U.S. rig count surged nine units higher to 779 for the week ended Nov. 11, oilfield services provider Baker Hughes Co. (BKR) reported Friday. Oil-directed drilling accounted for the entirety of the domestic gains for the period, as the…

November 14, 2022
Baker Hughes CEO Forecasts ‘Multi-Year Upturn’ in Global Upstream Spending

Baker Hughes CEO Forecasts ‘Multi-Year Upturn’ in Global Upstream Spending

The executive team of Houston-based Baker Hughes Co. acknowledged there were challenges during the third quarter of 2022, but overall the team remains optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions…

October 24, 2022
Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

Houston-based Baker Hughes Co. kicked off third quarter earnings season for the oil and natural gas sector on Wednesday, acknowledging challenges but optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS),…

October 19, 2022
Natural Gas Activity Rises in U.S. as Oil Count Falls

Natural Gas Activity Rises in U.S. as Oil Count Falls

The U.S. natural gas rig count rose four units to 161 during the week ended Friday (Aug. 5), while a seven-rig decline in oil-directed drilling dropped the overall domestic tally three units to 764, according to the latest count from Baker Hughes Co. (BKR). The 764 active rigs as of Friday represents a 273-rig increase…

August 5, 2022
Domestic Oil Drilling Slows, Including Permian Activity, in Latest Baker Tally

Domestic Oil Drilling Slows, Including Permian Activity, in Latest Baker Tally

A drop in oil-directed drilling, including in the Permian Basin, saw the overall U.S. rig count drop three units to 764 for the week ended Friday (Aug. 5), updated numbers from Baker Hughes Co. (BKR) show. Changes in the United States included a net decline of seven oil-directed rigs, partially offset by a four-rig increase…

August 5, 2022
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