Permian Oil Drilling Rig Count Falls for Two Straight Weeks

Baker Hughes Company (BKR) , in its weekly release, stated that the U.S. rig count was higher than the prior week’s reported figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the compa ...