Home / Tag Archives: Baker Hughes (page 10)

Tag Archives: Baker Hughes

Low prices threaten to curb rising rig count

Permian Basin producers added another three rigs in the week ending Friday, according to the widely-watched Baker Hughes rig count. But observers met the ongoing uptick in drilling activity with concern that it might be short-lived, after another dip in oil prices in July threatened to erase the gains of the previous months. The latest build in Permian rigs left ...

Read More »

Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of July 18th through July 24th. Enjoy! 5. ND cracks down on illegal water sales in the Bakken The North Dakota State Water Commission is cracking down on illegal industrial water sales in the Bakken oil fields where massive volumes of water are required for drilling operations, reports the ...

Read More »

Oil eases, choppy after early dollar strength pressures

NEW YORK – Brent and U.S. crude slipped in choppy trading along with the seesawing dollar after the currency’s early strength pressured dollar-denominated commodities. Limiting crude futures’ losses were falling Saudi crude exports and last week’s industry data showing a lower U.S. oil rig count. U.S. refined products futures also oscillated on Monday. An increasing supply of refined products, especially ...

Read More »

DOJ review of Halliburton and Baker Hughes deal extended

The mega-merger between the world’s second and third largest oil field service companies will grant U.S. antitrust regulators additional time to review the deal. The two companies, Halliburton and Baker Hughes, have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). The review process of the merger, valued at $34.6 billion, will be ...

Read More »

Pioneer says increasing drilling activity as planned

oil rig

U.S. shale exploration and production company Pioneer Natural Resources Co said on Wednesday it is increasing drilling activity in Texas following the sale of its stake in an Eagle Ford shale pipeline and processing business. The Dallas company’s optimism stands out in a market unnerved by a 15 percent drop in crude prices since late June. Pioneer Chief Executive Scott ...

Read More »