Oil services company Baker Hughes sees few signs of a long-term slowdown on onshore operations in the United States. The oil services company said there were 9,544 wells in service onshore in the United States, relatively unchanged from the third quarter of 2014. Oil prices are at the point where some operators in U.S. shale basins are cutting back on their exploration and production budgets. Oil prices on July 1, the start of the third quarter, were around $105 per barrel, but fell 13 percent by the Oct. 1 start of the fourth quarter. Year-on-year, Baker Hughes said the fourth quarter well count was 5 percent higher during fourth quarter 2014. Oil was priced at about $102 at the start of fourth quarter 2014. Baker Hughes said the well count increased the most in the emerging Cana Woodford shale in Oklahoma and the Marcellus and associated Utica […]