On Tap For Friday

BHI and SLB report 3Q12 earnings. See below.

Wells Coming Off Confidential List Tomorrow, Friday

• 21407, 368, MRO, Opal Holte USA 24-20H, Strandahl, t6/12; cum 1K 9/12; 30 stages; 2.5 million lbs;
• 22218, 804, Petro-Hunt, Roen 152-102-10C-3-1H, Elk, t7/12; cum 24K 9/12; 28 stages. 2.9 million lbs;
• 22480, 749,  Hess, LK-Hamilton 146-97-3526H-2, Little Knife, t9/12; cum ---
• 22521, drl,  XTO, Gravgaaard 13-24-1H, Midway,

The October, 2012, Director's Cut should be posted any day now.

From Yahoo!Finance In-Play:

Schlumberger beats by $0.01, reports revs in-line: Reports Q3 (Sep) earnings of $1.08 per share, ex items, $0.01 better than the Capital IQ Consensus Estimate of $1.07; revenues rose 11.1% year/year to $10.61 bln vs the $10.66 bln consensus. Schlumberger recorded charges of $0.02 per share in each of the third and second quarters of 2012 and the third quarter of 2011. 

Baker Hughes misses by $0.12, misses on revs: Reports Q3 (Sep) earnings of $0.73 per share, excluding non-recurring items, $0.12 worse than the Capital IQ Consensus Estimate of $0.85; revenues rose 3.2% year/year to $5.23 bln vs the $5.41 bln consensus. "For Q3, Baker Hughes' revenue was flat, despite a drop in U.S. and international rig counts. However, our margins were impacted by the well-known imbalance in the North American Pressure Pumping business. Additionally, activity was less than planned in several key geomarkets for Baker Hughes, resulting in an unfavorable mix. The clearest example is Canada, where the seasonal return of activity was nearly 30 percent less than this time last year. Internationally, the collective rig count in Brazil, Colombia, and Norway was down 17 percent compared to the last quarter, and these are all meaningful markets for Baker Hughes. In the fourth quarter, activity levels in our International segments are projected to rebound."