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Two of Top Three OilService Companies Speak of Merger
Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not...
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Halliburton, Baker Hughes to Merge in $34.6 Billion Deal
Includes $3.5 Billion Payout to Baker Hughes if Merger Fails to Gain Antitrust Approval The rumblings of a landmark oilservices deal that began on Thursday evening came to fruition over the weekend. By...
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U.S. Rig Count Down
Rig counts fell last week according to Baker Hughes Baker Hughes (ticker: BHI) latest rig count shows a decline from previous weeks in the number in total U.S. rigs. The count, which includes both oil...
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Halliburton, Baker Hughes Each Close on Record Years in Q4’14 Results
Two oilservice giants standing tall in face of downturn The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are...
View ArticleRig Counts Up Internationally, Down in the U.S.
Baker Hughes rig count report for the week ended March, 6, 2015. The Baker Hughes (ticker: BHI) rig count for the week ended March 6, 2015, reports a total number of rigs in the United States of 1,192,...
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Rig Counts Continue Downward Spiral
The Baker Hughes active U.S. rig count shows another drop this week The Baker Hughes (ticker: BHI) weekly rig count for the week ended March 13, 2015, shows rig counts falling for the fourteenth...
View ArticleHalliburton, Baker Hughes Looking to Sell up to $10 Billion in Assets
Asset sales would satisfy antitrust laws Next month Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) plan to seek out buyers for as much as $10 billion in assets in order to avoid antitrust...
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Rig Count Dips Below 1,000 for First Time Since Sept. 2009
Baker Hughes (ticker: BHI), in its weekly release, says the number of rigs exploring for oil and natural gas in the U.S. declined to 988 this week. This marked the first time the weekly count was below...
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Halliburton Beats Analyst Estimates Despite Posting Q1’15 Loss
Analysts Impressed by Single-Digit Margin Losses Awaiting the Storm: 4,000 Deferred Well Completions Halliburton (ticker: HAL) had a tall task to live up to its record revenues from fiscal 2014, and...
View ArticleHalliburton, Baker Hughes Announce First $3.5 Billion of Divestitures, More...
Oilservice major Halliburton announces marketing of certain assets to satisfy antitrust laws Earlier this month, Halliburton (ticker: HAL) announced that it would divest $3.5 billion in assets in the...
View ArticleRig Counts Down 2% Since the Beginning of the Month
Baker Hughes Rig Count for the week ended May 15, 2015 Rig counts fell for another consecutive week to 888 active rigs in the United States, representing a 1% decline from last week’s rig count of 894,...
View ArticleU.S. Rigs Fall by Just 3 This Week
Baker Hughes rig count for the week ended May 22, 2015 Rig counts fell for the 24th consecutive week this week, but showed the smallest decline since the drop in rig counts began in October of last...
View ArticleRig Counts Down 37 in the Last Month
Baker Hughes rig count for the week ended June 5, 2015 Rig counts fell to 868 in the first week of June, down 37 from the first of May when the total number of rigs in the U.S. numbered 905, according...
View ArticleRigs Down over 1,000 in Six Months
Baker Hughes rig count for the week ended May 12, 2015: 859 The total number of active rigs drilling in the United States fell to 859 for the week ended June 12, 2015, according to Baker Hughes...
View ArticleRig Count Sees Smallest Fall this Year
Baker Hughes rig count for the week ended June 19, 2015 The number of rigs drilling for oil and gas in the United States fell to 857 in the week ended June 19, 2015, a decline of just 2 rigs from last...
View ArticleTotal Rig Count Breaks 28-Week Long Decline
Oil rig counts down for 29th consecutive week The total number of rigs drilling for oil and gas in the United States rose for the first time in 28 weeks, according to the Baker Hughes (ticker: BHI) rig...
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Halliburton and Baker Hughes Agree to Extend DOJ Review in $34.6 Billion...
Department of Justice given until November 25 to review Halliburton and Baker Hughes merger Oilfield service giants Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) announced today that they...
View ArticleEagle Ford Rigs Fall Below 100, Canada Continues Gains
The Eagle Fords rig count fell below 100 The number of rigs drilling in the Eagle Ford fell below 100 for the first time since at least February 2011, according to information from Baker Hughes...
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Rig Count Remains Stable, Raymond James Anticipates Stronger Growth
Baker Hughes rig count for the week ended August 21, 2015 Baker Hughes (ticker: BHI) reported an increase of just one rig to the total number of rigs drilling for oil and natural gas in the United...
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Rig Count Falls by 8 Over the Course of the Week
Rig counts remain low along with prices The total rig count in the United States for the week ended August 28, 2015, fell eight rigs to 877, according to information from Baker Hughes (ticker: BHI)....
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