Baker Hughes

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
Baker Hughes Sees Strong Outlook for LNG Markets

Baker Hughes Sees Strong Outlook for LNG Markets

Baker Hughes Co. (BKR) has made investment in “new energy frontiers” a key part of its strategy moving forward, but management for the oilfield services provider still sees a bright outlook for the global natural gas market. Remarking on the company’s recently released 2Q2021 financial results, CEO Lorenzo Simonelli struck an optimistic tone when discussing…

July 29, 2021
U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…

June 11, 2021
Permian, Haynesville Lead Surge in Land Drilling as Eight Rigs Added in U.S.

Permian, Haynesville Lead Surge in Land Drilling as Eight Rigs Added in U.S.

Propelled by sizable gains in the Permian Basin and Haynesville Shale, the U.S. rig count surged eight units higher to reach 448 during the week ended Friday (May 7), according to data from oilfield services provider Baker Hughes Co. (BKR). Seven natural gas-directed rigs and two oil-directed rigs were added in the United States for…

May 7, 2021
Baker Hughes Raises Global LNG Demand Forecast to 2030

Baker Hughes Raises Global LNG Demand Forecast to 2030

Baker Hughes Co. is projecting global demand growth for oil and natural gas into the second half of the year, aligned with rising demand for carbon-neutral products. “As we look ahead to the rest of 2021, we remain cautiously optimistic that the global economy and oil demand will recover from the impact of the global…

April 21, 2021
Baker Hughes, Chart Join Plug Power as Cornerstone Investors in Hydrogen Fund

Baker Hughes, Chart Join Plug Power as Cornerstone Investors in Hydrogen Fund

Baker Hughes Co. is helping to front a hydrogen infrastructure fund as a cornerstone investor with Chart Industries Inc. and Plug Power Inc. Fuel cell manufacturer Plug Power intends to commit $200 million to the FiveT Hydrogen Fund, with infrastructure giants Chart and Baker Hughes each committing $60 million to sponsoring the fund. The Euro-denominated…

April 6, 2021
U.S. Adds One Natural Gas Rig as Drilling Total Surges on Oil Gains

U.S. Adds One Natural Gas Rig as Drilling Total Surges on Oil Gains

The U.S. natural gas rig count rose one unit to 84 for the period ending Friday (Jan. 8), while gains in the oil patch saw the overall domestic drilling tally surge higher, according to the latest weekly numbers published Friday by oilfield services provider Baker Hughes Co. (BKR). In the United States, drillers added eight…

January 8, 2021
Activity Picks Up in Gassy Haynesville as U.S. Rig Count Climbs

Activity Picks Up in Gassy Haynesville as U.S. Rig Count Climbs

After some shuffling around in the major U.S. onshore plays, the domestic rig count added two units to finish at 348 for the holiday-shortened week ending Wednesday (Dec. 23), according to Baker Hughes Co. (BKR). An increase of two natural gas-directed units and one oil-directed unit, partially offset by the loss of one miscellaneous unit,…

December 23, 2020
One Natural Gas Rig Added in U.S., Sturdy Growth in Oil Patch

One Natural Gas Rig Added in U.S., Sturdy Growth in Oil Patch

The U.S. natural gas rig count increased one unit to 77 during the short holiday work week ended Wednesday (Nov. 25), while the overall domestic tally rose sharply on a double-digit increase in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). The United States added 10 rigs overall for the…

November 25, 2020
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