Baker Hughes

U.S. Rig Count Falls By One but Marcellus, Haynesville Drive NatGas Gains

U.S. Rig Count Falls By One but Marcellus, Haynesville Drive NatGas Gains

While adding three natural gas-directed rigs — including gains in the Marcellus and Haynesville shales — the U.S. rig count fell by one for the week ended Friday, according to data from Baker Hughes Inc. (BHI).

December 15, 2017
Seven U.S. Oil Rigs Pack Up Shop; Texas, Louisiana Lead Declines Among States

Seven U.S. Oil Rigs Pack Up Shop; Texas, Louisiana Lead Declines Among States

A pullback in oil-directed drilling fueled an eight-rig decline in the U.S. rig count for the week ended Friday, according to data released by Baker Hughes Inc. (BHI).

September 15, 2017
U.S. Onshore Drilling Declines Focused in Texas; Rig Counts Steady Elsewhere

U.S. Onshore Drilling Declines Focused in Texas; Rig Counts Steady Elsewhere

Driven by a sharp drop in natural gas drilling, five U.S. rigs packed up for the week ended Friday (Aug. 11), according to data released Friday by Baker Hughes Inc. (BHI).

August 11, 2017
Sub-$3 Prices Leave A Mark; U.S. NatGas Rigs Down 8

Sub-$3 Prices Leave A Mark; U.S. NatGas Rigs Down 8

Driven by a sharp drop in natural gas drilling, five U.S. rigs packed up for the week ended Friday (Aug. 11), according to data released Friday by Baker Hughes Inc. (BHI).

August 11, 2017
Offshore Leads Rig Gains as Market Tightening Forecast

Offshore Leads Rig Gains as Market Tightening Forecast

The latest tally of rigs from Baker Hughes Inc. (BHI) showed offshore units making a comeback, gaining eight, while the land rig category added just three for a total gain of 11 rigs to 508 active in the United States. Meanwhile, analysts at Societe Generale see oil and natural gas markets tightening.

September 9, 2016
Halliburton, Baker Pledge to ‘Vigorously’ Defend Against DOJ Attempt to Block Merger

Halliburton, Baker Pledge to ‘Vigorously’ Defend Against DOJ Attempt to Block Merger

Halliburton Co. and Baker Hughes Inc. said they will fight Justice Department efforts to block their pending $34.6 billion merger, claiming government officials reached the wrong conclusion in assessing the transaction and charged the action is counterproductive in light of the challenges now being experienced by the global energy industry.

April 6, 2016
U.S. Rigs Drop Again; Canada’s Spring Break-Up Continues

U.S. Rigs Drop Again; Canada’s Spring Break-Up Continues

The U.S. land rig count continued working lower in the latest tally from Baker Hughes Inc., released on Friday. It’s on its way to a trough of 375-400, according to one firm tracking the action.

March 11, 2016

Baker Hughes Sees Continuing Decline in North American Stimulation, Completions Services

North American onshore activity isn’t showing any signs of recovery, with demand continuing to decline for stimulation, drilling services and completions product lines, Baker Hughes Inc. reported Wednesday.

October 21, 2015

Pressure Pumpers Face Antitrust Lawsuit on Alleged Price Manipulation

The three biggest pressure pumping providers serving U.S. operators — Halliburton Co., Schlumberger Ltd. and Baker Hughes Inc. — are facing a class action antitrust lawsuit over alleged price manipulation, which comes two weeks after the U.S. Department of Justice (DOJ) launched an investigation.

August 6, 2013
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