oil rigs

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) has seen its stock fall about 15 percent in reaction to its fourth quarter results, which prompted one Wall Street analyst to encourage investors buy the dip. The Analyst BMO Capital Markets' Daniel Boyd upgraded Patterson-UTI Energy's stock ...

Every Friday, U.S. oil & gas investors finish out the week with an important litmus test of the health of the overall industry. Since 1944, Baker Hughes Incorporated (NYSE: BHI) has reported weekly counts of total rig drilling activity in the U.S. and Canada. The North American rig count is...

Baker Hughes Incorporated (NYSE: BHI) released its weekly rig count data earlier Friday, showing an increase in U.S. rig count for the week ended October 21. U.S. rig count, including oil and natural gas rigs, totaled 563, up 14 from the week ended October 14, although it represented a 234-drop...

With the price of shale service stocks rallying 25 percent over the past year, U.S. oil rig counts are expected to rise in response to increasing oil price and demand. The question is: How much? In a recent report, analysts at Citi Research constructed four possible demand scenarios to model...