Baker Hughes expects na rig count to grow 5%
Baker Hughes Inc expects its North American rig count to grow 5%, to 2,409 in 2012, with an increasing number of rigs targeting oil, the Houston-based oilfield services company told analysts Tuesday.
The North American rig count, tracked by petroleum industry consulting firm Barker Hughes, continued its upward trend last week as both US and Canadian counts posted week-on-week increases.