Tag Archives: baker hughes

The US land rig count peaked most recently on August 4, 2017. Since then, it is down 21 rigs and down again slightly this week. Without the Permian Basin, it’d be down even more. There’s a lot more to this story… Login to see the full update…  To read this …

During the third quarter, the US onshore rig count trajectory has finally leveled off. We wrote about the stall a couple weeks ago in this update.  Speaking at an investor conference last week, two leading land drillers shrugged off the industry-wide rig count stall. See what they said in the …

Last week, the US land rig count breached 900 (stands at 902). We are now at the level Halliburton famously pronounced “the new equilibrium” one year ago. We address what this means for completions, frac horsepower, and US oil production in this update. There’s a lot more to this story… Login to see the …

Baker Hughes seems to be taking an assembly line approach to innovation, focusing on product launch volume as an important KPI. This is in stark contrast to Steve Jobs’ disruptive approach to innovation, where he would focus on a single game-changing idea for years at a time. We’ve recently become …

Back in October, the North American land market was bracing for a seasonal slowdown into year-end. Here’s the warning Halliburton CEO Dave Lesar issued on a conference call about 6 weeks ago: “Based on current customer feedback we remain cautious around customer activity due to holiday and seasonal weather-related downtime. Our customers …

BJ Services returned to the scene as a standalone company late Tuesday as Baker Hughes announced the pressure pumping divestiture they talked about before the GE deal and confirmed during the GE announcement. We break down the deal including observations about value, Goldman Sach’s interesting history with BJ Services, and some …