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	<title>Stock Blog Hub &#187; Smith International Inc.</title>
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		<title>(SII) Schlumberger International Analyst Maintains Neutral Rating</title>
		<link>http://www.stockbloghub.com/2010/09/13/sii-schlumberger-international-analyst-maintains-neutral-rating/49925</link>
		<comments>http://www.stockbloghub.com/2010/09/13/sii-schlumberger-international-analyst-maintains-neutral-rating/49925#comments</comments>
		<pubDate>Mon, 13 Sep 2010 13:39:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49925</guid>
		<description><![CDATA[Following the completion of the Smith International Inc. (SII) merger, we maintain our Neutral recommendation for Schlumberger Limited (SLB) shares as we believe that the investment case has not changed to that tune. While the merger diversifies the company’s offerings, the gap with its competitors have been reducing significantly in recent times. Schlumberger’s closest competitor, Halliburton Company (HAL), has been actively engaged in international expansion and Baker Hughes’ (BHI) acquisition of BJ Services is commendable. We believe Schlumberger will continue to benefit from its strong international market position, current uptrend in oil prices that will likely compel operators to maintain their spending levels, as well as from its dominant position in the Middle East/Far East. Assuming continued improvements in worldwide economic conditions, we also expect the company’s international activity levels ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SLB) Schlumberger Limited Completes Smith International Merger</title>
		<link>http://www.stockbloghub.com/2010/08/30/slb-schlumberger-limited-completes-smith-international-merger/49822</link>
		<comments>http://www.stockbloghub.com/2010/08/30/slb-schlumberger-limited-completes-smith-international-merger/49822#comments</comments>
		<pubDate>Mon, 30 Aug 2010 20:04:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49822</guid>
		<description><![CDATA[Schlumberger Limited (SLB) completed its proposed merger with Smith International Inc. (SII) last Friday. The closure of the deal follows Smith shareholders’ vote in favor of the merger on August 24. Schlumberger’s superior product line will further be diversified through its offering of Smith’s drilling fluids, drill bits and accelerated technology development. Moreover, Schlumberger’s competition with its rival Halliburton Company (HAL) will also be intensified through this merger. Total consideration for the merger was nearly $11 billion. As previously announced, Smith shareholders will receive 0.6966 Schlumberger share for each share of Smith. As such, Schlumberger has issued approximately 176 million shares pursuant to the merger, representing 12.9% of its outstanding shares. As both the companies covered almost the same geographical regions, we believe that Smith is a good strategic fit ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/30/slb-schlumberger-limited-completes-smith-international-merger/49822/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Smith International Wins Contract With Chevron Subsidiary</title>
		<link>http://www.stockbloghub.com/2010/04/18/sii-smith-international-wins-contract-with-chevron-subsidiary/34119</link>
		<comments>http://www.stockbloghub.com/2010/04/18/sii-smith-international-wins-contract-with-chevron-subsidiary/34119#comments</comments>
		<pubDate>Mon, 19 Apr 2010 00:54:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34119</guid>
		<description><![CDATA[Smith International Inc. (SII) has been awarded a significant multi-service contract by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron Corporation (CVX). The contract is entrusted to one of the three reportable segments of Smith ? M-I SWACO. The M-I SWACO segment is a 60/40 joint venture with Schlumberger (SLB), providing drilling and completion fluid system, engineering and technical services to the oil and gas industry. In addition, these operations provide oilfield production chemicals, besides manufacturing and marketing equipment and services required for solids control, particle separation, pressure control, rig instrumentation and waste management. The contract has a term of six years and is expected to start operating in June this year, with an anticipated revenue of $800 million. The contract provides an option for the extension of two ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SLB) Schlumberger-Smith International Merger Faces Longer Review</title>
		<link>http://www.stockbloghub.com/2010/04/07/slb-schlumberger-smith-international-merger-faces-longer-review/33015</link>
		<comments>http://www.stockbloghub.com/2010/04/07/slb-schlumberger-smith-international-merger-faces-longer-review/33015#comments</comments>
		<pubDate>Thu, 08 Apr 2010 00:03:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33015</guid>
		<description><![CDATA[Schlumberger Ltd. (SLB) on Monday said that the Antitrust Division of the United States Department of Justice has requested for additional information related to the proposed merger with Smith International Inc. (SII). The additional information is also known as &#8220;second request&#8221;. Regulators usually scrutinize merger agreements in detail. As with the Smith–Schlumberger case, the Department has also issued multiple requests for information on another merger between Baker Hughes Inc. (BHI) and BJ Services Company (BJS). In February, Schlumberger acquired lesser rival Smith for approximately $11 billion in an all-stock deal. While a definitive date for the closing of the transaction is yet be determined, Schlumberger expects it during the second half of this year. Under the terms of the agreement, Smith shareholders will receive 0.6966 Schlumberger share in exchange for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/07/slb-schlumberger-smith-international-merger-faces-longer-review/33015/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Schlumberger Limited Buys Geoservices From Astorg</title>
		<link>http://www.stockbloghub.com/2010/03/25/sii-schlumberger-limited-buys-geoservices-from-astorg/31754</link>
		<comments>http://www.stockbloghub.com/2010/03/25/sii-schlumberger-limited-buys-geoservices-from-astorg/31754#comments</comments>
		<pubDate>Fri, 26 Mar 2010 00:40:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31754</guid>
		<description><![CDATA[Following the announcement of acquisition of Smith International Inc (SII), Schlumberger Limited (SLB) is now acquiring privately held Geoservices for $1.07 billion from Astorg Partners. Geoservices is a French oilfield services company that specializes in mud logging and production surveillance operations. Astorg Partners is a French independent private equity firm. Mud logging technology is used to get additional information through logging analysis of the drilling fluids and cuttings. Exploration and production (E&#38;P) companies use this additional information to improve the understanding of the rock and fluid content of the borehole as well as to identify drilling hazards. Conjugation of the mud logging technology with Schlumberger’s real-time downhole formation sampling measurements helps customers increase the ability to design and modify the drilling system. We think that this a prudent step taken ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/25/sii-schlumberger-limited-buys-geoservices-from-astorg/31754/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SLB) Schlumberger Acquires Smith International</title>
		<link>http://www.stockbloghub.com/2010/02/23/slb-schlumberger-acquires-smith-international/28491</link>
		<comments>http://www.stockbloghub.com/2010/02/23/slb-schlumberger-acquires-smith-international/28491#comments</comments>
		<pubDate>Wed, 24 Feb 2010 03:30:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28491</guid>
		<description><![CDATA[The oilfield services giant Schlumberger Ltd. (SLB) has acquired lesser rival Smith International Inc. (SII) for approximately $11 billion in an all-stock deal, which is the biggest acquisition in the United States so far this year. The Wall Street Journal had reported on Friday that Schlumberger was in advanced talks to buy Smith. Following this news, Smith’s shares jumped 13% but Schlumberger’s shares fell 2.9%. As the economy has shown signs of recovery and oil prices have seen an uptrend, industry giants want to acquire smaller rivals to increase their business. While the Schlumberger?Smith deal is in the oilfield space, last December’s ExxonMobil?XTO (XOM) deal was in the integrated space. We view the transaction a win-win for the shareholders of both companies, as they would get a more diversified oilfield ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/23/slb-schlumberger-acquires-smith-international/28491/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Smith International to Buy @ Balance from Shell Technology Ventures</title>
		<link>http://www.stockbloghub.com/2010/02/15/sii-smith-international-to-buy-balance-from-shell-technology-ventures/28007</link>
		<comments>http://www.stockbloghub.com/2010/02/15/sii-smith-international-to-buy-balance-from-shell-technology-ventures/28007#comments</comments>
		<pubDate>Mon, 15 Feb 2010 23:16:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28007</guid>
		<description><![CDATA[Smith International Inc. (SII) is planning to acquire @ Balance from Shell Technology Ventures Fund 1 B.V. Based in The Netherlands, @ Balance is a leading supplier of Automated Pressure DrillingTM services and the exclusive provider of the Dynamic Annular Pressure ControlTM system, an award winning product for real-time pressure drilling. @ Balance is primarily focused on international deepwater markets, which are aligned with Smith’s future growth area. Smith has been working with the company for the last few years and first acquired a minority interest in 2007. In 2009, Smith increased its stake in the company to 35%. Though the company has not provided any financial metrics regarding the deal, it states that the acquisition is for the remaining 65%, which is expected to be completed in this quarter ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/15/sii-smith-international-to-buy-balance-from-shell-technology-ventures/28007/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Smith International Plans Acquisitions</title>
		<link>http://www.stockbloghub.com/2010/02/08/sii-smith-international-plans-acquisitions/27400</link>
		<comments>http://www.stockbloghub.com/2010/02/08/sii-smith-international-plans-acquisitions/27400#comments</comments>
		<pubDate>Tue, 09 Feb 2010 03:36:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27400</guid>
		<description><![CDATA[Smith International Inc. (SII), a major oilfield services company, expects to spend approximately $350 million on acquisitions in this quarter, following the company’s last year’s $700 million-plus stock issue. In addition to acquisition initiatives, the company also intends to deploy this fund to pay down its debt level. Smith has been quite active in recent days with an increasing trend in the North American drilling scenario, coupled with stable prices for the company’s products and services. There were 2 analysts covering the stock who had increased their 2010 estimates in the last 7 days. Over the last 30 days, 10 analysts have raised estimates for 2010 while only 5 analysts moved in the opposite direction. We have long admired Smith for its well-run operations and cyclical leverage. Smith is currently ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/08/sii-smith-international-plans-acquisitions/27400/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Smith International Misses Estimates by a Penny</title>
		<link>http://www.stockbloghub.com/2010/01/27/sii-smith-international-misses-estimates-by-a-penny/26222</link>
		<comments>http://www.stockbloghub.com/2010/01/27/sii-smith-international-misses-estimates-by-a-penny/26222#comments</comments>
		<pubDate>Thu, 28 Jan 2010 02:07:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26222</guid>
		<description><![CDATA[Smith International Inc. (SII) reported fourth quarter 2009 earnings of 9 cents per share, versus the Zacks Consensus Estimate of 10 cents and the year-earlier performance of $1.00. For the full year 2009, the company reported earnings of 81 cents, a penny below the Zacks Consensus Estimate of 82 cents and substantially below the year-ago earnings of $3.78. The reported quarter was primarily influenced by increased drilling activity in the North American market, coupled with stable prices for the company’s products and services, besides a significant increase in revenue per rig in Latin America and Africa for both M-I SWACO and the Smith Oilfield segments. Revenue during the quarter increased 6% sequentially but was down 35% year over year to $1.98 billion. Worldwide rig count increased 8% during the quarter. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Drilling Rig Count Climbs Again</title>
		<link>http://www.stockbloghub.com/2010/01/25/bhi-u-s-drilling-rig-count-climbs-again/25896</link>
		<comments>http://www.stockbloghub.com/2010/01/25/bhi-u-s-drilling-rig-count-climbs-again/25896#comments</comments>
		<pubDate>Mon, 25 Jan 2010 20:26:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25896</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity by the producers in response to higher commodity prices. Rig count in the U.S. climbed to 1,282 for the week ended Jan. 22, 2010 (as clear from the first chart below from Baker Hughes). This is up by 34 from the previous week’s tally and represents the 13th gain in the past 14 weeks. The current nationwide rig count is 46% higher from the 2009 low of 876 (set in the week ended June 12). However, the combined oil and gas rig count is still down by 233 from the year-ago period. It rose to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/25/bhi-u-s-drilling-rig-count-climbs-again/25896/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DD) A Very Busy Week Ahead &#8211; Earnings Preview</title>
		<link>http://www.stockbloghub.com/2010/01/23/dd-a-very-busy-week-ahead-earnings-preview/25730</link>
		<comments>http://www.stockbloghub.com/2010/01/23/dd-a-very-busy-week-ahead-earnings-preview/25730#comments</comments>
		<pubDate>Sat, 23 Jan 2010 20:46:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25730</guid>
		<description><![CDATA[Earnings Preview 1/22/10 Next week is the heart of the 4Q09 earnings season. There will be a total of 503 firms reporting including 136 members of the S&#38;P 500, and fully one third of the Dow 30. These will include such bellwethers as DuPont (DD), Johnson &#38; Johnson (JNJ), Verizon (VZ), Boeing (BA), Caterpillar (CAT), United Technologies (UTX), 3M (MMM), Altria (MO), Procter &#38; Gamble (PG) and Chevron (CVX). And those are just the Dow names reporting results. Early in the week, the economic data on housing will be front and center, while the middle of the week brings a Fed meeting, and at the end of the week we get the first look at fourth quarter GDP. All in all, a very busy week coming up. Monday • Data on ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($BHI) Gas Rig Count Hits 10-Month High</title>
		<link>http://www.stockbloghub.com/2010/01/18/bhi-gas-rig-count-hits-10-month-high/25206</link>
		<comments>http://www.stockbloghub.com/2010/01/18/bhi-gas-rig-count-hits-10-month-high/25206#comments</comments>
		<pubDate>Tue, 19 Jan 2010 00:11:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25206</guid>
		<description><![CDATA[According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Jan. 15, 2010, reflecting intensified drilling activity by the producers in response to higher commodity prices. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,248 during the week. This is up by 28 from the previous week’s tally and represents the 12th gain in the past 13 weeks. The current nationwide rig count is 42% higher than the 2009 low of 876 (set in the week ended June 12). However, the combined oil and gas rig count is still down by 320 from the year-ago period. It rose to a 22-year high ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/18/bhi-gas-rig-count-hits-10-month-high/25206/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) Weekly U.S. Drilling Rig Count Grows by 31</title>
		<link>http://www.stockbloghub.com/2010/01/11/bhi-weekly-u-s-drilling-rig-count-grows-by-31/24652</link>
		<comments>http://www.stockbloghub.com/2010/01/11/bhi-weekly-u-s-drilling-rig-count-grows-by-31/24652#comments</comments>
		<pubDate>Mon, 11 Jan 2010 22:21:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24652</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting ramped-up drilling activity by producers in response to the recent optimism about an economic recovery and higher commodity prices. Rig count in the U.S. climbed to 1,220 for the week ended Jan. 8, 2010 (as clear from the first chart below from Baker Hughes). This is up by 31 from the previous week’s tally and represents the 11th gain in the past 12 weeks. The current nationwide rig count is 39% higher from the 2009 low of 876 (set in the week ended June 12). The natural gas rig count increased by 22 to 781, the 19th gain ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/11/bhi-weekly-u-s-drilling-rig-count-grows-by-31/24652/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Smith International Gets Petrobras Contract</title>
		<link>http://www.stockbloghub.com/2010/01/06/sii-smith-international-gets-petrobras-contract/24320</link>
		<comments>http://www.stockbloghub.com/2010/01/06/sii-smith-international-gets-petrobras-contract/24320#comments</comments>
		<pubDate>Thu, 07 Jan 2010 00:22:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24320</guid>
		<description><![CDATA[Smith International (SII) through one of its subsidiaries – PathFinder Energy Services – won a contract from Brazil’s oil giant Petrobras (PBR). The contract represents an estimated $80 million to $100 million of revenue over the 3-year term. PathFinder will also buy all related directional drilling assets from San Antonio International do Brasil. Although PathFinder has been working for Petrobras in Brazil for several years, San Antonio had previously been the lead contractor through which PathFinder served clients in that country. The contract provides a significant operating base for Smith. Given the increasing use of more sophisticated lateral drilling techniques, demand for the Pathfinder’s directional MWD (measurement-while-drilling) and LWD (logging-while-drilling) services is expected to hold up reasonably well. While Smith’s recent quarter results came in significantly below expectations, the PathFinder ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/06/sii-smith-international-gets-petrobras-contract/24320/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Drilling Rig Rig Count Jumps by 32</title>
		<link>http://www.stockbloghub.com/2009/12/21/bhi-u-s-drilling-rig-rig-count-jumps-by-32/23331</link>
		<comments>http://www.stockbloghub.com/2009/12/21/bhi-u-s-drilling-rig-rig-count-jumps-by-32/23331#comments</comments>
		<pubDate>Tue, 22 Dec 2009 05:32:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23331</guid>
		<description><![CDATA[According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 18, reflecting intensified drilling activity by the producers amid recent optimism about an economic recovery and higher prices relative to last year. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,193 during the week. This is up by 32 from the previous week’s tally and represents the ninth successive weekly gain. The current nationwide rig count is 36% higher from the 2009 low of 876 (set in the week ended June 12). However, the combined oil and gas rig count is still down by 571 from the year-ago period. It ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/21/bhi-u-s-drilling-rig-rig-count-jumps-by-32/23331/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Oil Rig Count Grows by 20</title>
		<link>http://www.stockbloghub.com/2009/12/14/bhi-u-s-oil-rig-count-grows-by-20/22773</link>
		<comments>http://www.stockbloghub.com/2009/12/14/bhi-u-s-oil-rig-count-grows-by-20/22773#comments</comments>
		<pubDate>Tue, 15 Dec 2009 00:59:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22773</guid>
		<description><![CDATA[In its weekly release on Friday, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped-up drilling activity by the producers amid recent optimism about an economic recovery and higher prices relative to last year. Rigs exploring and producing in the U.S. climbed to 1,161 for the week ended Dec. 11 (as clear from the first chart below from Baker Hughes). This is up by 20 from the previous week’s tally and represents the eighth successive weekly gain. The current nationwide rig count is 33% higher from the 2009 low of 876 (set in the week ended June 12). However, the combined oil and gas rig count is still down by 629 from the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/14/bhi-u-s-oil-rig-count-grows-by-20/22773/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($BHI) U.S. Oil and Natural Gas Rig Growth Continues</title>
		<link>http://www.stockbloghub.com/2009/12/07/bhi-u-s-oil-and-natural-gas-rig-growth-continues/22130</link>
		<comments>http://www.stockbloghub.com/2009/12/07/bhi-u-s-oil-and-natural-gas-rig-growth-continues/22130#comments</comments>
		<pubDate>Mon, 07 Dec 2009 18:43:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22130</guid>
		<description><![CDATA[According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 4, reflecting ramped-up drilling activity by the producers amid recent optimism about an economic recovery and higher prices relative to last year. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,141 during the week. This is up by 4 from the previous week’s tally and represents the seventh successive weekly gain. The current nationwide rig count is 30% higher from the 2009 low of 876 (set in the week ended June 12). However, the combined oil and gas rig count is still down by 711 from the year-ago period. It rose to a 22-year ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/07/bhi-u-s-oil-and-natural-gas-rig-growth-continues/22130/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Drilling Rigs Increase for 6th Week</title>
		<link>http://www.stockbloghub.com/2009/11/30/bhi-u-s-drilling-rigs-increase-for-6th-week/21557</link>
		<comments>http://www.stockbloghub.com/2009/11/30/bhi-u-s-drilling-rigs-increase-for-6th-week/21557#comments</comments>
		<pubDate>Tue, 01 Dec 2009 00:32:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21557</guid>
		<description><![CDATA[In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers in response to higher prices amid recent optimism about economic recovery. Rigs exploring and producing in the U.S. climbed to 1,137 for the week ended Nov. 25 (as clear from the first chart below from Baker Hughes). This is the highest in eight months and is up by 24 from the previous week’s tally. The current nationwide rig count is 30% higher from the 2009 low of 876 (set in the week ended June 12). The combined oil and gas rig count is down by 729 from the year-ago period. It rose to a 22-year high in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/30/bhi-u-s-drilling-rigs-increase-for-6th-week/21557/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Oil and Gas Rig Count Hits 8-Month High</title>
		<link>http://www.stockbloghub.com/2009/11/23/bhi-u-s-oil-and-gas-rig-count-hits-8-month-high/21096</link>
		<comments>http://www.stockbloghub.com/2009/11/23/bhi-u-s-oil-and-gas-rig-count-hits-8-month-high/21096#comments</comments>
		<pubDate>Mon, 23 Nov 2009 16:28:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21096</guid>
		<description><![CDATA[According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Nov. 20, reflecting ramped-up drilling activity by the producers amid recent optimism about economic recovery. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,113 during the week. This is up by 12 from the previous week’s tally and represents the fifth successive weekly gain. The current nationwide rig count is 27% higher from the 2009 low of 876 (set in the week ended June 12). The combined oil and gas rig count is down by 828 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/23/bhi-u-s-oil-and-gas-rig-count-hits-8-month-high/21096/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CEO) Oil &amp; Gas Industry &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/11/07/eia-oil-gas-industry-industry-outlook/19831</link>
		<comments>http://www.stockbloghub.com/2009/11/07/eia-oil-gas-industry-industry-outlook/19831#comments</comments>
		<pubDate>Sun, 08 Nov 2009 00:29:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[SGY]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[Stone Energy Corporation]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19831</guid>
		<description><![CDATA[OUTLOOK The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But high levels of product inventories (particularly gasoline), along with still higher supplies, will limit any sustained crude gains, in our view. But way too many factors weigh on oil prices, from OPEC decisions and geostrategic tensions to the value of the U.S. dollar and seasonal variables, to definitively size up each one of them for their respective impact on prices. In its latest release, the Energy Information Administration [EIA] reported a less-than-anticipated increase in crude stockpiles, which rose by 800,000 barrels for the week ending October 23. However, current crude oil stocks, at 339.9 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/07/eia-oil-gas-industry-industry-outlook/19831/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SII) Smith International Badly Misses Estimates</title>
		<link>http://www.stockbloghub.com/2009/11/01/sii-smith-international-badly-misses-estimates/19285</link>
		<comments>http://www.stockbloghub.com/2009/11/01/sii-smith-international-badly-misses-estimates/19285#comments</comments>
		<pubDate>Sun, 01 Nov 2009 22:28:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19285</guid>
		<description><![CDATA[Smith International Inc. (SII) reported its third quarter 2009 results of 7 cents per share versus the Zacks Consensus Estimate of 15 cents and year-earlier earnings of $1.01. The significant fall was due to a challenging North American natural gas market that contributed to continued pricing pressure within the domestic operations of the Distribution and Oilfield segments. While the results came in significantly below expectations, the company’s PathFinder business and M-I SWACO continued to gain ground. Smith guided towards an increase in M-I SWACO revenue in 2010, driven by a growing number of deepwater rigs and the commercialization of new technologies. Revenue during the quarter decreased more than 3% sequentially and 34% year-over-year to $1.88 billion, while operating income was down 24% sequentially and 77% year-over-year to $101.3 million. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/01/sii-smith-international-badly-misses-estimates/19285/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($BHI) Marginal Slip in Active U.S. Oil and Gas Drilling Rig Count</title>
		<link>http://www.stockbloghub.com/2009/10/19/bhi-marginal-slip-in-active-u-s-oil-and-gas-drilling-rig-count/18107</link>
		<comments>http://www.stockbloghub.com/2009/10/19/bhi-marginal-slip-in-active-u-s-oil-and-gas-drilling-rig-count/18107#comments</comments>
		<pubDate>Mon, 19 Oct 2009 16:31:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Limited]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18107</guid>
		<description><![CDATA[In its weekly release on Friday, Baker Hughes Inc. (BHI) reported a slight dip in the number of rigs searching for oil and gas in the U.S., as producers restricted their drilling activities in response to the current supply overhang in the natural gas market. The number of units exploring and producing in the U.S. fell to 1,040 for the week ended October 16 (as clear from the first chart below from Baker Hughes). This is down by 1 from the previous week’s tally and is the first decline in 5 weeks. The combined oil and gas rig count is down by 936 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended August 29 and September 12. The number of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/19/bhi-marginal-slip-in-active-u-s-oil-and-gas-drilling-rig-count/18107/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BHI) U.S. Rig Count Continues to Climb</title>
		<link>http://www.stockbloghub.com/2009/10/12/bhi-u-s-rig-count-continues-to-climb/17416</link>
		<comments>http://www.stockbloghub.com/2009/10/12/bhi-u-s-rig-count-continues-to-climb/17416#comments</comments>
		<pubDate>Mon, 12 Oct 2009 16:43:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
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		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17416</guid>
		<description><![CDATA[According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Oct. 9, reflecting ramped up drilling activity by the producers amid recent optimism about commodity price recovery. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,041 during the week. This is up by 17 from the previous week’s tally and is 19% higher from the 2009 low of 876 (set in the week ended June 12). The combined oil and gas rig count is down by 949 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/12/bhi-u-s-rig-count-continues-to-climb/17416/feed</wfw:commentRss>
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		<item>
		<title>(BHI) Another Gain in U.S. Drilling Rig Count</title>
		<link>http://www.stockbloghub.com/2009/10/06/bhi-another-gain-in-u-s-drilling-rig-count/16647</link>
		<comments>http://www.stockbloghub.com/2009/10/06/bhi-another-gain-in-u-s-drilling-rig-count/16647#comments</comments>
		<pubDate>Tue, 06 Oct 2009 17:38:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NOV]]></category>
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		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=16647</guid>
		<description><![CDATA[In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., as producers ramped up drilling activity in anticipation of better prices. The number of units exploring and producing in the U.S. climbed to 1,024 for the week ended Oct. 2 (as clear from the first chart below from Baker Hughes). This is the highest level since April, and is up by 7 from the previous week’s tally. The combined oil and gas rig count is down by 955 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural gas rigs drilling in the U.S. increased by ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/06/bhi-another-gain-in-u-s-drilling-rig-count/16647/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BHI) U.S. Oil Drilling Rig Count Reverses Gain</title>
		<link>http://www.stockbloghub.com/2009/09/14/bhi-u-s-oil-drilling-rig-count-reverses-gain/15124</link>
		<comments>http://www.stockbloghub.com/2009/09/14/bhi-u-s-oil-drilling-rig-count-reverses-gain/15124#comments</comments>
		<pubDate>Mon, 14 Sep 2009 20:58:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
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		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Incorp]]></category>
		<category><![CDATA[National Oilwell Varco]]></category>
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		<category><![CDATA[Schlumberger Limited]]></category>
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		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15124</guid>
		<description><![CDATA[According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. fell for the week ended Sept. 11, reflecting scaled back drilling activity by the producers. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 999 during the week. This is down by 10 from the previous week’s tally and is the first decline in nine weeks. The combined oil and gas rig count is down by 1,032 from the year-ago period, when it rose to a 22-year high of 2,031. The number of natural gas rigs drilling in the U.S. decreased by 2 to 699, snapping a seven-week gain. It is currently down 56% since peaking at 1,606 in the year-ago ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/14/bhi-u-s-oil-drilling-rig-count-reverses-gain/15124/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) Baker Hughes Reports U.S. Rig Count Climbing</title>
		<link>http://www.stockbloghub.com/2009/09/08/bhi-baker-hughes-reports-u-s-rig-count-climbing/14591</link>
		<comments>http://www.stockbloghub.com/2009/09/08/bhi-baker-hughes-reports-u-s-rig-count-climbing/14591#comments</comments>
		<pubDate>Tue, 08 Sep 2009 23:28:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>
		<category><![CDATA[Weatherford International Ltd.]]></category>
		<category><![CDATA[WFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14591</guid>
		<description><![CDATA[In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers. Rigs exploring and producing in the U.S. climbed to 1,009 for the week ended Sept. 4 (as clear from the first chart below from Baker Hughes). This is the highest in five months and is up by 10 from the previous week’s tally. The combined oil and gas rig count is down by 1,004 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural gas rigs drilling in the U.S. increased by 2 to 701, the seventh successive weekly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/08/bhi-baker-hughes-reports-u-s-rig-count-climbing/14591/feed</wfw:commentRss>
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