Baker Hughes, rig count and Oil Prices
Nabors Industries faces a declining US drilling market, high debt, and poor market outlook, leading to a sell recommendation.
The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 301 rigs active in the region. A year ago, 316 rigs were active in the region.
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Midland Reporter-Telegram on MSNUS drilling activity declines for first time in six weeksDrilling activity posted its first decline in six weeks during the first week of March. Oilfield services firm Baker Hughes ...
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