CNBC's Dominic Chu reports the weekly Baker Hughes U.S. oil and gas rig count data. » Read More
Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. Kansas, Louisiana, Texas and West Virginia were down two apiece. Alaska, Arkansas, California, North Dakota, Ohio, Pennsylvania, Utah and Wyoming were all unchanged.
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HOUSTON _ Baker Hughes Inc. on Wednesday reported a loss of $981 million in its first quarter. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. Baker Hughes shares have dropped roughly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.
Halliburton's delay of its first quarter earnings sparked speculation its merger with Baker Hughes may be terminated.
Halliburton said it cut more than 6,000 jobs in the first quarter and said it would hold its earnings conference call on May 3 instead of April 25.
HOUSTON— Halliburton Co. said Friday that it cut more than 6,000 jobs in the first quarter, continuing a purge at the oilfield-services company that has reduced its workforce by one-third since late 2014.. Halliburton has been slammed by the slowdown in drilling since oil prices began falling in mid-2014. Houston- based Halliburton expects industry spending...
Houston oilfield services company Baker Hughes Inc. said Friday 343 rigs sought oil and 88 explored for natural gas. Among major oil- and gas-producing states, Texas lost seven rigs and Louisiana and Ohio each dropped one. Alaska, Arkansas, California, Colorado, Kansas, New Mexico, North Dakota, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all...
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