The Rig Count That Defied $70: BHI's Week-Close Signal for US Upstream
WTI closed at $69.91. Baker Hughes reported 573 rigs — up 10 week-over-week. The rig count is rising as price breaks $70. Here's what that signal means.
production-services
The Contract Divide: Which OFS Companies Are Exposed at $70 WTI, and Which Are Not
WTI closed the week at $69.84. Drilling contractors face Q4 contract renewal risk at a price level that was not in operators planning models. Production services companies with contracted compression and lift do not. The bifurcation is already in the filing data.
Archrock and RPC at Sub-$70: Contracted Compression Holds, Transactional Services Squeeze
AROC | NYSE | RES | NYSE | Source data: Q1 2026 10-Q filings (AROC accession 0001389050-26-000019; RES accession 0001104659-26-057794), Yahoo Finance, EIA data
Two Business Models, One Price Shock
WTI closed this week at $69.04/bbl. That number is doing different things to different parts of the
Week Closes Below $70: WTI's New Floor Test and Devon's Balance Sheet Move
WTI broke below $70 at this morning's open. Devon completed its Coterra note exchange. Baker Hughes rig count due at 1pm CT. The week's setup for US upstream.
Production Services at the Margin: How a $10 WTI Slide Resets H2 Pricing
WTI closed the week at $84 — down from $95 Monday. RPC generated near-zero net income at higher crude prices. Here is what the week means for production services heading into H2.
The Iran Premium Is Gone. Now Production Services Has a Pricing Problem (KGS, NPKI)
KGS | NYSE | NPKI | NYSE | Source data: KGS Q1 2026 earnings release (8-K filed May 11, 2026), Kodiak Gas Services 10-Q filed May 11, 2026, KGS equity offering 8-K filed May 15, 2026, NPK International 10-Q filed May 1, 2026, Yahoo Finance commodity prices June 12, 2026
Iran Deal Progress Sends WTI to $84: Friday's Peace Premium Unwind
WTI drops 4% as U.S.-Iran deal framework emerges, India's budget shows oil importer stress, and the H2 production services repricing window narrows.