Shale Explorers Hike Oil Drilling In Threat to Growth Targets [BNN Bloomberg (Canada)]
Baker Hughes Company (BKR)
Company Research
Source: BNN Bloomberg
The number of US rigs drilling for oil rose by six to 510, the biggest mark since Sept. 15, according to data released by Baker Hughes Co. on Friday. After months of relatively low growth, shale operators have now added more than a dozen rigs since mid-February. West Texas Intermediate, the US crude benchmark, was little changed on Friday. All eyes are on the US shale patch to see whether operators stick to their targets of low growth or if there will be another surprise pop to production like last year. The activity boost may be just what's needed to help the global oil market after the International Energy Agency warned earlier this week of a supply deficit throughout the rest of the year. Decisions to reactivate or park rigs are typically made months in advance. ©2024 Bloomberg L.P.
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- US Shale Drilling-Rig Usage Plunges by Most in Five Months [Yahoo! Finance]Yahoo! Finance
- US Shale Drilling-Rig Usage Plunges by Most in Five Months [BNN Bloomberg (Canada)]BNN Bloomberg
- Baker Hughes Company (NASDAQ:BKR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Baker Hughes (NASDAQ: BKR) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.MarketBeat
- Baker Hughes (BKR) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
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