Rig counts rise

BAKER Hughes GE has some good news for industry: worldwide rig counts are up for both this January over December and up compared with the same period last year. 

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Baker Hughes GE says rig counts are rising January over December and over the same period last year.

Rig counts are always an important barometer and measure of the health and hopefulness of the industry and detailed counts are a mainstay of Baker Hughes' weekly and quarterly reports.