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Rig Count Stays Steady: Should EOG & MTDR Stocks Be on Your Watchlist?
EOGEOG Resources(EOG) ZACKS·2024-12-16 22:10

In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was in line with the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicate the demand trajectory for the company’s o ...