Baker Hughes News

BJ Services posted a fourth quarter loss of $9.95 million, or 3 cents per share, as compared to net income of $168 million, or 57 cents per share, in the same quarter last year.

BJ Services said its operating loss totaled a penny a share, compared to net income of 59 cents a share in the year-ago period.

The number of drilling rigs actively exploring for oil or gas in Oklahoma edged up by two this week to 79, Baker Hughes Inc.

The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by 12 this week to 1,113. Houston-based Baker Hughes Inc.

Uncertainty over whether a homebuyer tax credit would be extended weighed down construction last month, a sign of how much the fledging recovery depends on government support.

Number of oil and gas rigs is up in Texas, U.S. Led by Texas, the number of rigs drilling for oil and natural gas in the U.S. jumped this week to 1,101, according to Houston-based oil field services firm Baker Hughes.

The number of drilling rigs actively exploring for oil or gas in Oklahoma edged down by one this week to 77, Baker Hughes Inc.

MKM Partners pegs market utilization at about 44% for land rigs. MKM Partners THE REBRANDED 56TH annual Rig Census was released this week, depicting a 2009 land-drilling market that has suffered from plunging demand , and still-increasing supply .

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Baker Oil Tools will close its doors in mid-January. The oil field equipment and services company made the announcement earlier this week, Yorktown Mayor Renee Hernandez said.

Morgan Stanley North America recently released their list of best ideas a list of actionable ideas from various sectors and analysts that rank as their leading stock investment insights .

A trucker is dead after his big rig plummeted 200 feet off the San Francisco-Oakland Bay Bridge early Monday and smashed onto an island below.

Hiland Partners LP Common Units filed Quarterly Report for the period ended 2009-09-30. Hiland PartnersLP is a growth-oriented midstream energy master limited partnership engaged in gatheringcompressingdehydratingtreatingprocessing and marketing natural gasand fractionatingor separatingnatural gas liquids.

Exxon Mobil Chemical's /quotes/comstock/13*!xom /quotes/nls/xom affiliate TonenGeneral said Wednesday it's launching a 50-50 joint venture with Toray Industries to develop products for the battery separator film business.

It hasn't been a top-notch earnings season for the oilfield services sector. Halliburton , the second-largest participant in the group, led off with mediocre results, but did manage to beat expectations.

The number of rigs actively exploring for oil and natural gas in the U.S. this week rose by nine this week to 1,078. Houston-based Baker Hughes Inc.

Oil and gas companies, faced with commodity prices sharply down from last year, have put pressure on the companies that serve them to get costs down.

Baker Hughes reported a sharp drop in third-quarter results as the company was impacted by greater-than-expected price discounting.

Solera Holdings surged 12% after it lifted its fiscal year earnings outlook. Trucking company Con-way Inc plunged after quarterly revenues and net fell.

The S&P 500 managed to eek out a 0.2% gain overnight Tuesday, largely thanks to the industrials and basic materials sectors, together with an M&A-driven jump in the transport sector as Warren B. plays Texas Hold'em and goes all in on the future of the US economy.