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Stock Market & Financial Investment News

News Breaks
April 11, 2014
06:01 EDTBHIBaker Hughes reports Q1 well count increases Q4 YoY
Baker Hughes announced that the U.S. onshore well count for the first quarter was 8,853 wells, down 230 wells or 3% compared to the fourth quarter 2013. Compared to the first quarter 2013, the well count was up 319 wells or 4%. Due to improved drilling efficiencies, the average US onshore drilling rig now produces 3% more wells compared to the same quarter last year. Compared to the fourth quarter 2013, the well count decreased most notably in the Eagle Ford, Marcellus, Barnett, and Williston basins. These decreases were offset by increases in the Permian basin.
News For BHI From The Last 14 Days
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July 21, 2014
10:02 EDTBHIOn The Fly: Analyst Upgrade Summary
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06:23 EDTBHIBaker Hughes upgraded to Buy from Neutral at Guggenheim
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July 18, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count down 4 to 1871
Baker Hughes announced that the U.S. Rig Count is down 4 rigs from last week to 1871, with oil rigs down 9 to 1554, gas rigs up 4 to 315, and miscellaneous rigs up 1 to 2. Says the U.S. Rig Count is up 101 rigs from last year at 1770, with oil rigs up 159, gas rigs down 54, and miscellaneous rigs down 4. The U.S. Offshore rig count is 57, up 1 rig from last week, and unchanged year over year.
July 17, 2014
06:33 EDTBHIBaker Hughes reports Q2 adjusted EPS 92c, consensus 90c
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July 16, 2014
15:27 EDTBHINotable companies reporting before tomorrow's open
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July 11, 2014
13:09 EDTBHIBaker Hughes reports U.S. rig count up 1 to 1875
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06:10 EDTBHIBaker Hughes reports Q2 U.S. onshore well count up 428 from Q1 to 9,394
Baker Hughes announced that the U.S. onshore well count for Q2 was 9,394 wells, up 428 wells or 5% compared to Q1. Compared to 2Q13, the well count was up 383 wells or 4%. Compared to Q1, the well count increased most notably in the Permian basin, up 265 wells or 11%, Marcellus, up 78 wells or 16%, and Granite Wash, up 31 wells or 23%, basins. This increase was slightly offset by decreases predominantly in the Barnett, down 57 wells or 18%, and Cana Woodford, down 23 wells or 26%. The average US onshore rig count for Q2 1,796 rigs, up 72 rigs or 4% from the Q1 and up 87 rigs or 5% from 2Q13. On average, the US onshore rig fleet produced 5.23 new wells during the quarter, which represents a slight improvement in drilling efficiencies compared to the same quarter in 2013.

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