Nat Gas Rig Count Snaps Losing Streak
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to an increase in the tally of both oil and natural gas-directed rigs. In particular, the natural gas rig count [...]
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country).
This can be attributed to an increase in the tally of both oil and natural gas-directed rigs. In particular, the natural gas rig count climbed for only the fourth time in 2012, while the oil rig count scaled another record high.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards