Baker Hughes Rig Count Up 14

Baker Hughes (BHI) reported Friday, Oct. 21, that U.S. oil and natural gas drillers brought 14 rigs online in the latest week as positive sentiment continues to build among operators that a recovery is on the horizon.The Houston oilfield services giant said the count is up to 553 this week, while oil rigs climbed 11 to 443 and natural gas rigs rose by 3 to 109. Miscellaneous rigs were flat at 2.

Source: Baker Hughes Rig Count Up 14 as Oilfield Services Stocks Tumble – TheStreet

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