U.S. Baker Hughes Oil Rig Count +5; U.S. Baker Hughes NatGas Rig Count +3; U.S. Baker Hughes Total Rig Count 590 Vs 582 Prior
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes reported an increase in the U.S. oil and natural gas rig counts, with oil rigs up by 5 and natural gas rigs up by 3, bringing the total rig count to 590 from 582 previously.
September 13, 2024 | 5:06 pm
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Baker Hughes reported an increase in U.S. oil and natural gas rig counts, which could indicate higher future revenues from increased drilling activity.
The increase in rig counts suggests more drilling activity, which could lead to higher demand for Baker Hughes' services and equipment, potentially boosting revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100