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US rig count drops 11 this week to 420, another all-time low

US rig count drops 11 this week to 420, another all-time low

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by 11 this week to 420, again reaching an-time low amid depressed energy industry prices. A year ago, 905 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. One was ...

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US rig count drops 9 this week to 431, another all-time low

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 431, again reaching an-time low amid depressed energy industry prices. A year ago, 932 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 343 rigs sought oil and 88 explored for natural gas. Among major ...

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US rig count drops to 443 this week, Texas loses 7

US rig count drops to 443 this week, Texas loses 7

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by seven this week to 443, another all-time low amid depressed energy industry prices. A year ago, 988 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 354 rigs sought oil and 89 explored for natural gas. Among major oil- ...

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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department on Wednesday sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would harm consumers and eliminate head-to-head competition. The proposed transaction, valued at nearly $35 billion, would combine two of the world’s three leading providers of those services to oil and gas companies and create a bigger ...

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US to try to block Halliburton from buying rival

WASHINGTON (AP) — The Justice Department is expected to sue this week to stop Halliburton from acquiring Baker Hughes, according to a person familiar with the matter. The person spoke on condition of anonymity Tuesday because the lawsuit had not yet been announced. Halliburton and Baker Hughes help oil and natural companies by doing much of the actual drilling work ...

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US rig count drops 14 this week to 450, another all-time low

rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 14 this week to 450, another all-time low amid continuing energy industry price woes. A year ago, 1,028 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 362 rigs sought oil and 88 explored for natural gas. Among major oil- ...

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US rig count drops 12 this week to all-time low of 464

rig count, baker hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 12 this week to 464, a record low amid continuing price woes in the energy industry. A year ago, 1,048 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Thursday 372 rigs sought oil and 92 explored for natural gas. Among ...

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US rig count drops 4 last week to all-time low of 476

natural gas drilling, rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 4 last week to 476, a record low and another sign of continuing price woes in the oil and gas industry. A year ago, 1,069 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Friday that 387 rigs sought oil and 89 ...

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US rig count drops 9 this week to all-time low of 480

The U.S. drilling rig count settled at 480 this week, according to Baker Hughes. (Image courtesy of Encana Corp.)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 9 this week to 480, a record low and another sign of continuing price woes in the oil and gas industry. Houston-based oilfield services company Baker Hughes Inc. said Friday that 386 rigs sought oil and 94 explored for natural gas. A year ...

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