Baker Hughes stock soared over the past week after it beat Q1 estimates for revenue and earnings.
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Basin rig count down one as prices riseThe rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 241 rigs active in the region. A year ago, 287 rigs were active in the region. Nationally, the oil and gas rig count is up three from last week at 547 rigs. A year ago, 584 rigs were active. The count shows that 408 rigs sought oil, up one from the previous week, and 130 explored for ...