Tag Archives: Baker Hughes

Rig Count Overview & Summary Count

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. The North American rig count is released weekly at noon central time on the last day […]

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US oil rig count rises for 7th straight week, Baker Hughes says

The US oil-rig count rose by seven to 609 this week, according to oilfield-services giant Baker Hughes. The gas rig count fell by five to 146. With miscellaneous rigs unchanged at one, the total rig count rose by two to 756. Last week the tally of oil rigs rose by six. West Texas Intermediate crude oil futures […]

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U.S. rig count rises by 10, international count down 28

HOUSTON — The U.S. oil rig count increased by six this week, with more rigs added in the Permian basin, according to Baker Hughes. The count had declined for 29 weeks until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere. After U.S. oil prices settled near $60 a barrel for an […]

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Halliburton to buy Baker Hughes for about $35 Billion

By Swetha Gopinath (Reuters) – Halliburton Co said on Monday it will buy Baker Hughes Inc for about $35 billion (22.37 billion pounds) in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices. “Stronger in any market condition is better,” he […]

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E&P Data Management: How do you handle Data Management challenges, are you ready for the future?

Predominant challenges that the data management industry faces are a lack of data management solutions, and the information that is generated in exploration and production is much greater than that compared to other industries. This enormous volume of data needs to be analyzed properly; once this is achieved it could be applied to earn an […]

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