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Rig Counts Continue to Grow in Oklahoma and the U.S. - Oklahoma Energy Today For a second straight week, rig counts in Oklahoma and across the U.S. increased significantly with Oklahoma adding 5 rigs while the national count grew by 18. Oklahoma’s now up to 96 working rigs. That compares to the 88 rigs reported one year ago at this time, according to Houston-based Baker Hugh...

GE, Baker Hughes to combine oil, gas businesses General Electric will combine its oil-and-gas business with energy services provider Baker Hughes in a deal that structures the new entity as partnership jointly owned by each company's shareholders.

Chevron Posts First Profit Since ’15 as Oil Inches Higher Chevron Corp. posted its first profit in a year as a recovery in energy prices halted a string of writedowns that have depressed the oil explorer’s results since late 2015.