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News Breaks | | | | March 19, 2013 | | 09:27 EDT |  | BHI | Baker Hughes sees 'several quarters' to work through excess industry capacity
Baker Hughes CEO Martin Craighead plans to state while presenting at the Howard Weil Energy Conference that there remains an industry-wide capacity overhang, in the form of underutilized assets. Craighead will state, "Our outlook is clear and remains unchanged. Without a meaningful jump in rig count, it's going to take several quarters to chew through the excess horsepower capacity," according to a copy of the presentation filed with regulators. | |
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News For BHI From The Last 14 Days Check below for free stories on BHI the last two weeks. |
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| May 20, 2013 | | 07:41 EDT |  | BHI | Mitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23. | | | May 15, 2013 | | 07:33 EDT | | BHI | National Association of Business Economics to hos a conference
 Subscribe for More Information | | | May 10, 2013 | | 13:04 EDT | | BHI | Baker Hughes U.S. rig count up 5 to 1,769
U.S. rig count is up 5 rigs from last week at 1,769, with oil rigs up 9 at 1,412, gas rigs down 4 at 350, and miscellaneous rigs unchanged at 7. U.S. rig count is down 205 rigs from last year at 1,974, with oil rigs up 40, gas rigs down 248, and miscellaneous rigs up 3. The U.S. offshore rig count is 50, down 1 from last week, and up 5 year over year. | |
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