Home / Business / Baker Hughes releases third quarter numbers

Baker Hughes releases third quarter numbers

Houston-based oil service company Baker Hughes has announced its third quarter well and rig counts for this year.

The U.S. onshore well counts for the third quarter is 9,566, up 110 wells or one percent compared to second quarter numbers. Numbers for this year’s third quarter well count are up 491 wells, or five percent from last year. International rig counts for September 2014 was 1,323, down 16 from the last recorded amount in August of this year. International offshore rig count for September 2014 was 333, up 18 from August 2014. Overall, the average U.S. rig count is up 170 from this time last year.

Related: Houston-based Baker Hughes to disclose its fracking chemicals

Well counts increased most in the Williston basin, up 45 wells or seven percent since the second quarter. Also seeing increases are the Denver Julesburg-Niobrara and Cana Woodford basins. Decreases in well counts were seen in the Eagle Ford, Ardmore Woodford and Mississippian basins.

Read the full story here.

Leave a Reply

Your email address will not be published. Required fields are marked *

*