US Drillers Add Oil and Gas Rigs for the First Time in Four Weeks, Baker Hughes (BKR) says

Group 1: Company Overview - Baker Hughes Company (NASDAQ:BKR) is a holding company that provides oilfield products, services, and digital solutions, operating in two segments: oilfield services and equipment, and industrial and energy technology [3]. Group 2: Industry Insights - US energy businesses added oil and natural gas rigs for the first time in four weeks, increasing the overall rig count by one to 551 for the week ending March 6, 2026. Oil rigs rose by four to 411, while gas rigs decreased by two to 132 [1]. - The total rig count remains 41 rigs, or 7% lower than last year [1]. - Exploration and production companies tracked by TD Cowen expect to lower capital expenditures by around 1% in 2026 compared to 2025 [2]. - The U.S. Energy Information Administration expects crude output to remain at 13.6 million barrels per day (bpd) in 2026, while natural gas output will increase to 110.0 billion cubic feet per day (bcfd) [2]. - Henry Hub spot prices are predicted to jump around 22% [2].