US Drillers Add Oil and Gas Rigs for the First Time in Four Weeks, Baker Hughes (BKR) says

Baker Hughes Company (NASDAQ:BKR) is one of the Goldman Sachs Energy Stocks: 10 Stocks to Buy.

On March 6, 2026, Reuters reported that Baker Hughes Company (NASDAQ:BKR) said US energy businesses added oil and natural gas rigs for the first time in four weeks, increasing the overall rig count by one to 551 for the week ending March 6. Oil rigs rose by four to 411, the most since early February, while gas rigs decreased by two to 132, the fewest since early February. Haynesville Shale rigs climbed by one to 53, the highest total since May 2023. The Marcellus Shale rig count increased by one to 27, the most since May 2024. Williston Shale rigs declined by one to 27, while North Dakota rigs dipped by one to 25. The total rig count remains 41 rigs, or 7% lower than last year.

US Drillers Add Oil and Gas Rigs for the First Time in Four Weeks, Baker Hughes (BKR) says

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Exploration and production companies tracked by TD Cowen expect to lower capital expenditures by around 1% in 2026 compared to 2025. The U.S. Energy ⁠Information Administration expects crude output to remain at 13.6 million bpd in 2026, while natural gas output will increase to 110.0 bcfd, with Henry Hub spot prices predicted to jump around 22%.

Baker Hughes Company (NASDAQ:BKR) is a holding company that provides oilfield products, services, and digital solutions. It works in two segments: oilfield services and equipment, and industrial and energy technology.

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