What is the Baker Hughes Rig Count Trying to Tell Us_ Those who cannot remember the past are condemned to repeat it.’ — George Santayana. One of the questions dominating oil service company C-Suites and boardrooms this quarter has been debate about US drilling activity and where it will head next. Will LNG exports drive
New Pages for an Old Playbook — Driving Competitive Advantage download as a pdf Last Friday, January 30th, the Baker Hughes rig count continued its decline with an announcement that the oil-directed rig count fell the most in any single week since 1987. News headlines trumpet the continuing layoffs as companies execute the bust cycle
download as a pdf We Know the Drill The drill is familiar. The Baker Hughes oil rig count peaked at 1609 in early October. It teased us by drifting only a percent or two lower heading into the holidays. Now, in late January, we find ourselves with a “four-handle” on the oil price. The oil-directed