Louisiana Sees Decline in Onshore & Offshore Rig Count

In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company BHGE, reported a decline in total rig count in the United States.

Baker Hughes’ data, issued since 1944 at the end of every week, helps energy service providers gauge the overall business environment of the oil and gas industry.

Change in Baker Hughes’ rotary rig count hampers demand for energy services like drilling, completion and production provided by the likes of Halliburton Company HAL, Schlumberger Ltd. SLB, Weatherford International plc WFT, Diamond Offshore Drilling, Inc. DO and Transocean Ltd. RIG…

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