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Stock Market & Financial Investment News

News Breaks
July 11, 2014
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.
News For BHI From The Last 14 Days
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November 27, 2015
10:37 EDTBHIEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
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November 25, 2015
13:05 EDTBHIBaker Hughes reports U.S. Rig Count down 13 rigs from last week
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November 20, 2015
13:08 EDTBHIBaker Hughes reports U.S. rig count down 10 to 757 rigs
Baker Hughes says the U.S. Rig Count is down 10 rigs from last week to 757, with oil rigs down 10 to 564, and gas rigs unchanged at 193. It added that the U.S. Rig count is down 1,172 rigs from last year at 1,929, with oil rigs down 1,010, and gas rigs down 162. The U.S. Offshore rig count is 30, down 3 rigs from last week, and down 23 rigs year over year, Baker announced. The Canadian rig count is down 10 rigs from last week to 166, with oil rigs down 1 to 67, and gas rigs down 9 to 99, according to the company. The Canadian Rig Count is down 268 rigs from last year at 434, with oil rigs down 176, and gas rigs down 92.
November 19, 2015
05:09 EDTBHIStocks with implied volatility movement; BHI SUNE
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November 18, 2015
08:37 EDTBHIBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.

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