Baker Hughes Inc. never stopped counting oil rigs in North Dakota, but in 1998 the company removed the state from its list of those with major drilling activity. The list is widely disseminated by the media.
Baker Hughes at the time cited a lack of drilling in North Dakota. The company does not have figures for [...]
The number of rigs actively exploring for oil and natural gas in the U.S. this week rose by seven from the week before.
Of the 1,913 rigs running nationwide, 1,530 explore for natural gas, 375 for oil and eight are considered “miscellaneous,” according to Baker Hughes Inc., which tracks rig operations worldwide.
A year ago the [...]
Oilfield service shares rallied Monday as higher crude-oil prices gave investors reason to add to their bets on the sector.
Oil prices rose on what the market saw as a modest production increase from Saudi Arabia and concerns that output from Nigeria will decline. Light, sweet crude for August delivery rose $1.38 to settle at $136.74 [...]
The number of oil and gas rigs operating in the U.S. last week rose by five from the previous week, to 1,906, according to Baker Hughes Inc., which tracks rigs worldwide.
That compares with 1,771 rigs running a year ago.
Of the current total, 1,514 are exploring for gas, 384 for oil and eight are considered “miscellaneous.”
There [...]
The number of rigs actively exploring for oil and natural gas in the U.S. last week rose by nine from last week to 1,886.
Of the rigs running nationwide, 1,493 were exploring for natural gas and 385 for oil, according to Baker Hughes Inc., which tracks rig activity worldwide. Eight were listed as miscellaneous.
A year ago, [...]
The number of rigs actively exploring for oil and natural gas in the United States fell this week by 12 from last week.
Of the 1,877 rigs running nationwide, 1,479 explore for natural gas and 390 for oil, according to Baker Hughes Inc., which tracks rig operations worldwide. Eight were listed as miscellaneous.
A year ago, the [...]
The number of rigs actively exploring for oil and natural gas this week in the U.S. rose by 27 from last week.
Of the 1,889 rigs running nationwide, 1,493 explore for natural gas and 386 for oil, according to a report Friday from Baker Hughes Inc., which tracks rig operations worldwide. Ten are listed as miscellaneous.
A [...]
Oilfield services company Baker Hughes Inc. will pay competitor National Oilwell Varco Inc.’s ReedHycalog division at least $100 million to settle a patent dispute.
ReedHycalog will get $70 million for past use of patented technologies and at least $30 million for future use. Baker Hughes said ReedHycalog agreed to pay royalties on certain Baker Hughes patents, [...]
The number of rigs actively exploring for oil and natural gas this week in the U.S. rose by 16 from last week.
Of the rigs 1,862 rigs running, 1,471 were exploring for natural gas, 381 for oil and 10 were listed as miscellaneous, according to Houston-based Baker Hughes Inc., which tracks rig operations worldwide.
A year ago, [...]
The number of rigs actively exploring for oil and natural gas in the U.S. this week fell by three from the week before.
Of the 1,839 rigs running nationwide, 1,473 are exploring for natural gas and 357 for oil, according to Baker Hughes Inc., which tracks rig operations worldwide. Nine rigs were listed as miscellaneous.
A year [...]
