The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 303 rigs active in the region. A year ago, 313 rigs were active in the region.
Drilling activity continues to trend upward, posting a second consecutive weekly gain. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose four rigs to 586 rigs for the week.
The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...
Our expectations for profitability improvements coupled with the firm’s history of conservative balance sheet management leave us confident that NOV will maintain adequate liquidity to service its ...