Baker Hughes: North American oil-directed rig count has improved
In North America the oil-directed rig count has improved substantially and the gas-directed rig count has begun a steady increase. The company expects both trends to continue. :theflyonthewall.com
Baker Hughes CEO: international, domestic rig activity to improve in 2010
Chad C. Deaton, Baker Hughes chairman, president and CEO commented:"We expect international activity to improve in 2010 driven by the global economy's increasing demand for oil and natural gas. However, margins will remain under pressure as the impact of price discounts negotiated in 2009 are reflected in 2010 results. In North America the oil-directed rig count has improved substantially and the gas-directed rig count has begun a steady increase. We expect both trends to continue. :theflyonthewall.com
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