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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.
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August 29, 2014
13:07 EDTBHIBaker Hughes reports U.S. rig count up 18 to 1914 rigs
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