rigs

Shares of Baker Hughes Incorporated (NYSE: BHI) hit a new 52-week low of $41.53 on Friday after the company released its December 2015 rig counts. Baker Hughes said that its international rig count for December, 2015 totaled 1,095. This marked a decrease of 14 rigs from November and a decrease...

Patterson-UTI Energy Inc (NASDAQ: PTEN) announced its plans to retire around 10% of its drilling rigs in December. PTEN will retire 31 of its drilling rigs in December and projects to incur pretax impairment charges of around $11.3 million. PTEN shares rose 0.45% to $20.00 in the after-hours...