North American drill rig count falls

By International Business Times,  August 04, 2012, 04:29:45 AM EDT

North American drill rig count falls

BHI, HAL, SLB, OIH

Baker Hughes Incorporated ( BHI ) has announced that despite the rise in Crude Oil prices, its count on rigs fell in the last week.

The services firm reported that the North American rig count totaled 2,233, down from 2,262 the week before and down from 2,354 in the same period a year ago. The drop reflected a decline of 33 oil rigs and 2 Nat Gas rigs in Canada, while US Oil rigs increased by 13 and US Nat Gas rigs decreased by 7.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: BHI



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