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Seven oil rigs were taken offline during the past week, while one natural gas rig came offline. Meanwhile, oil prices, down slightly Friday, have rallied to nearly $50 per barrel over the past week.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil dropped by 7 to 749 this week. The total active U.S. rig count, which includes oil and natural-gas rigs, fell by 8 to ...
National Oilwell’s valuation, expressed as the TTM PE (price-to-earnings) multiple, isn't available due to its negative adjusted earnings.