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Baker Hughes (BHI -0.4%) CFO Peter Ragauss says the U.S. oil-directed rig count would need...

Baker Hughes (BHI -0.4%) CFO Peter Ragauss says the U.S. oil-directed rig count would need to double to more than 2,500 rigs if analyst estimates of a 2M bbl/day increase in U.S. oil production by 2017 are correct. A rapid shift to oil production would ultimately favor BHI because of its technology, Ragauss says.
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