Baker Hughes Axes their Quarterly Well Count Report :-(

In July 2013 Baker Hughes, the third largest oilfield services company in the U.S. that’s being forced to merge with Halliburton, the second largest oilfield services company, started a useful new quarterly report called the well count report (see BH Launches Well Count Report, Perfect Compliment to Rig Count). You know Baker Hughes as the company that releases weekly and monthly rig count data. Just yesterday our lead story was the latest rig count stats from BH (see BIG Decrease in BH Rig Counts, Including Marcellus/Utica). BH has counted and reported the number of active rigs drilling for the past 70+ years. With rigs becoming more efficient–fewer of them drilling more wells–it made sense to add a report that would track the number of new wells spud, or new wells started, in a given period of time. That was the quarterly well report. Unfortunately BH has just announced they are immediately discontinuing the well report, less than two years after they launched it…

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