Oil services company Baker Hughes announced it was suspending the publication of a quarterly barometer of the strength of the U.S. onshore energy sector. The company said that, as of Thursday, it was suspending the quarterly publication of U.S. onshore well data. “In response to the recent market downturn and internal initiatives to reduce costs, the company has prioritized its resources to support the ongoing publication of the weekly North America and monthly International rig counts, which continue to provide a timely and relevant snapshot of evolving market conditions,” the company said in a statement. As of April 2, Baker Hughes said there were 1,028 rigs actively exploring for or producing oil and natural gas in the United States, down nearly 2 percent from the previous […]