Baker Hughes rig count shows fracking activity, oil and gas exploration, up

By Siobhan Lismore-Scott
Published: Wednesday, 09 July 2014

The latest data from the oilfield services company shows that the oil and gas industry is healthy and growing at a significant pace. This is an important end market for many industrial minerals, such as silica sand, bentonite and barite.

The latest Baker Hughes rig count, for June 2014, shows that year-on-year (y-o-y) exploration has increased in the US, Canada and in the Middle East, but has lagged in Latin America and Africa.

Overall, figures from the oilfield services company show that worldwide there are now 160 more rigs in...

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