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Nine Energy Service: A Play On A Drilling Resurgence

Source: SeekingAlpha

2026-04-21 01:12:19 ET

Drilling activity for oil and gas has been in severe decline in North America since 2019. This can be seen in the Baker Hughes rig count. Baker Hughes has issued rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. On 2/15/2019 there were 1,051 U.S. and Canadian rigs in operation. By 4/17/2026, that had fallen to only 673 , which was a decline of 46 from the 4/17/2025 count of 719....

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Nine Energy Service: A Play On A Drilling Resurgence
Nine Energy Service Inc.

NASDAQ: NINE

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$1,517,647
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11
2445502%
Fossil Fuels
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US
Houston

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