Baker Hughes Q4 Well Count Increases 5.1%, Rig Count Up 9% - Quick Facts

(RTTNews) - Oilfield services provider Baker Hughes Inc. (BHI) announced that the U.S. onshore well count for the fourth quarter was 9,544 wells, up 461 wells or 5 percent from the prior-year quarter, but remained relatively unchanged sequentially from the third quarter.

The average U.S. onshore rig count for the quarter was 1,856 rigs, up 159 rigs or 9 percent from the year-ago quarter, and up 14 rigs or 1 percent sequentially.

On average, the U.S. onshore drilling efficiencies dropped slightly to 5.14 wells per rig, due primarily to slower drilling rates in the Eagle Ford, Marcellus and Haynesville basins for the quarter.