Shares Of Baker Hughes Fall To New 52-Week Low Following Release Of December 2015 Rig Counts

by Jayson Derrick

January 8, 2016 12:10 PM | 1 min read | Make a Comment

Shares of

Baker Hughes IncorporatedBHI

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 of 218 from December 2014. Baker Hughes added that its international offshore rig count for December, 2015 was 714, marking a decrease of 46 from the previous month and a decrease of 1,168 from December 2014. Baker Hughes also noted that its worldwide rig count for December, 2015 was 1,969 - down 78 from the previous month and down 1,601 from December 2014.

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Posted In: News Baker Hughes International Offshore Rigs Rig counts rigs Worldwide Rigs

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