Oil and natural gas drilling rigs hit 70-year low
US oil and gas rig count falls to lowest since January,
U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker
US Oil & Gas Rigs Fall to January Low – TradingView
US Oil and Gas Drilling Activity Dips to Multi-Month Lows Amid Price concerns The number of active oil and gas drilling rigs in the United States has fallen to its lowest point since
US E&Ps Could Drop Up to 100 Rigs at New Low Oil
Privately held operators currently have 285 rigs at work or 48% of the total U.S. rig count of about 600 in both oil and gas plays. By oil play, 81%
US Natural Gas Rig Count by Basin 2012-2024
The rig count dropped to 10 in 2024. Advances in horizontal drilling technologies, similar to those used in oil extraction, have improved gas production per rig resulting in fewer
U.S. Oil and Gas Drillers Backing Off or Slowing Down
Rig Count Trends: According to Baker Hughes, the U.S. oil and gas rig count fell to 576 by May 16, 2025, the lowest since January, down 3% from the prior year. Oil rigs
U.S. Active Crude Oil, Natural Gas Rigs Hit Record
Natural gas prices and active rig numbers have a similar behavior to crude oil, but prices in early 2020 were already at multi-year lows due to a record high
A 4-YEAR LOW – US Drillers Cut Oil, Gas Rigs to Lowest Since
The oil and gas rig count, an early indicator of future output, fell by 10 to 566 in the week to May 23. That 10-rig reduction was the biggest weekly decline in total rigs since
US Oil at a ''Tipping Point,'' Production to Decline, Diamondback
With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don''t stabilize.
Oil, Gas Rigs Still Near 3-Year Low Despite Weekly Bump
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
EIA: Rigs deployed to drill for natural gas in U.S. decline last two years
EIA said March 4 the decline was concentrated in Haynesville and Appalachia, where gas rigs declined by a combined 34 percent during 2023 (43 rigs) and 24 percent in
US drilling activity hits lowest level since 2021
Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count fell four rigs to 576 rigs and remains at the lowest level since December 2021.
Offshore Oil and Gas Permits Hit a 19-year Low under Biden
Federal offshore oil and gas permits are down 30 percent under President Biden, threatening future domestic energy supplies. This is consistent with Biden''s 5 year offshore
Drilling, Completing, and Producing from Oil and Natural Gas Wells
Fast Facts About Drilling, Completing, and Producing From Oil and Natural Gas Wells Once a suitable well location has been identified, permitted, and leased, the next steps for oil and
UPDATE 1-US natural gas rig count hits another 13-year low
* Gas-directed rig count now lowest since July 1999 * Horizontal rig count climbs for the second straight week * Oil drilling rigs hit new 25-year high NEW YORK, Aug 10
Oil and Natural Gas Drilling Rigs Hit 70-Year Low
The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least the 1940s, the oil-field services company Baker Hughes said on...
U.S. Rig Count Drops to Lowest Level Since 2021 –
The latest rig count data from Baker Hughes and Enverus paints a clear picture of a slowing U.S. drilling industry, with activity levels dipping to
Decline in US Oil and Gas Rigs Signals Continued
The U.S. oil and natural gas rig count experienced a slight decline, falling by four to a total of 633 rigs for the week ending August 21. Despite this
U.S. oil and gas rig count slides to lowest in more than three years
The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 580 to its lowest level since December 2021, Baker Hughes said.
US oil and gas rig count falls to lowest since January, Baker
Oil and gas drilling permit applications in Texas, the top U.S. oil-producing state, hit a four-year low in April amid concerns that rising OPEC+ supplies and a trade war will continue to hit
Oil and Natural Gas Drilling Rigs Hit 70-Year Low by REUTERS
The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least the 1940s.
U.S. drilling rigs drop for ninth straight week, longest
The number of total oil and gas drilling rigs in the US dropped by 7 to 547, falling for the ninth consecutive week and hitting their lowest level
Falling Crude Oil Prices Will Stall Out ''Drill, Baby, Drill''
If oil price keeps falling below $65, rigs will be released first in the north, such as the Bakken, Powder River, and last in the south, with the
2025 Oil and Gas Industry Outlook | Deloitte Insights
In 2024, the crude oil and natural gas market navigated a complex landscape of controlled OPEC+ supply and variable demand, heightened geopolitical
Why U.S. Oil and Gas Production Is Slowing Down
Slowing drilling activity in the U.S. shale patch is capping oil production growth while natural gas output is down from year-ago levels amid
"Drill, Baby, Drill": Natural Gas Producers Eye a Boom
Rising natural gas prices, driven by depleted inventories and increased LNG demand, are setting the stage for a rebound in U.S. gas production following months of
US drilling activity hits lowest level since 2021
The number of rigs seeking crude oil fell by six rigs to 472 for the week, down 27 rigs or 5% below the 499 seen last year. The number of rigs drilling for natural gas rose one rig
US oil and gas rig count falls for sixth week amid low
The number of rigs seeking crude oil sank nine rigs to 442 for the week, down 50 rigs or 10% from 492 last year. The number of rigs drilling for
Drilling activity remains near three-year low
The number of rigs drilling for natural gas fell two rigs to 102 from the prior week and is down 81 rigs or 45% from the 182 rigs seeking natural gas a year ago.
Oil prices hit a four-year low, and experts debate what
Oil prices fall to their lowest level since April 2021 and OPEC announces it will increase production. Lowering energy costs will benefit the
Offshore Oil and Gas Permits Hit a 19-year Low under
Federal offshore oil and gas permits are down 30 percent under President Biden, threatening future domestic energy supplies. This is
Tracking the decline of U.S. natural gas drilling rigs
Between December 2022 and December 2024, the number of active natural gas rigs dropped by 32%—a loss of 50 rig. The hardest-hit
Drilling plummets under Trump despite ''Drill, Baby, Drill'' promise
A slump in active oil and gas rigs across the United States has undercut President Donald Trump ''s rallying cry to "drill, baby, drill," raising economic and political stakes for his
U.S. oil prices dip below nerve-wracking $60 threshold
The tariff ripple effects should lower fuel prices but put the oil industry in its toughest financial quandary since the pandemic.
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