Drilling rig count falling
US drillers cut oil and gas rigs to lowest since
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021,
Analysis-Sliding US Rig Count Outpaces Efficiency Gains,
Analysis-Sliding US Rig Count Outpaces Efficiency Gains, Threatening Onshore Oil Output By Georgina McCartney HOUSTON (Reuters) -The falling number of oil and gas rigs
U.S., Permian Basin drilling rig counts fall for tenth straight week
Counts of active oil and gas drilling rigs in U.S. and Permian Basin continue to fall, according to the latest report from Baker Hughes. As of July 3, there were 539 rigs in U.S.
US drilling activity hits lowest level since 2021
Texas and the Permian Basin were the hardest hit, with the Texas rig count falling four rigs to 277 rigs at work statewide, down 27 rigs or 9% from304 last year.
Total US Drilling Rig Tally Falls: Here''s What it Means
U.S. Natural Gas Rig Count Falls: The natural gas rig count of 97 was lower than the week-ago figure of 98. The count of rigs exploring the commodity was also below the year-ago
US Oil Drillers See Sharp Decline in Activity
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes
Fewer Rigs, Bigger Payoff: US Oil Production
The current consolidation trend amongst E&Ps have companies optimizing operations and capital budgets—and with that comes a drop in rig
US oil and gas rig count drops for sixth straight week as drilling
Drilling activity remains at lows not seen since November 2021 as drillers press the brakes on activity plans amid low and volatile commodity prices. Oilfield services firm Baker Hughes said
U.S. natural gas-directed rigs decreased for second consecutive
The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased 32% (50 rigs) between
Permian Basin drilling activity falls to lowest level in
US rig count drops to 584 as Permian Basin drilling hits its lowest level in over three years, reflecting a nationwide slowdown.
Drilling Down: How Falling Rig Counts Signal a Shift in Energy
The falling rig count underscores an energy sector in transition—one where supply growth is constrained, but demand is increasingly uncertain. For investors, the path forward
Total US Drilling Rig Tally Declines: Here''s What it Means
In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States was flat, but the count for natural gas decreased.
Baker Hughes: US, Canada rig counts fall | Oil & Gas
The US drilling rig count decreased by one unit to reach 584 rigs working for the week ended Nov. 15, according to Baker Hughes data. The
Oil Rig Count Rises Amid Slide in Oil Prices
1 day ago· The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on
Instead of ''drill, baby, drill,'' U.S. rig counts falling, layoffs
Within the first few months of Trump''s new administration, the opposite has been true, with layoffs increasing, rig counts dropping, and industry executives expressing alarm.
Steady but flat outlook forecast for the global onshore
Rig count in the Haynesville is expected to fall to 30 rigs this year, from 52 in 2023. If gas inventory returns to normal levels by early 2025 as Mr
US oil, gas rig count falls to three-year low amid
US oil and gas rig counts hit their lowest since 2021 as drilling activity slows due to lower prices and market uncertainty. Drilling activity
Analysis-Sliding US Rig Count Outpaces Efficiency Gains,
Lower 48 oil output is expected to fall by 200,000 bpd next year, followed by a further decline of 130,000 bpd in 2027, as operators drop rigs in response to persistently low
U.S. Shale Drilling Set For Recovery, Oilfield Service Firms Say
Drilling executives: the U.S. rig count, which has been falling this year, is near its bottom. Last week, two of the world''s top three oilfield service providers, Halliburton and Baker
US drilling activity falls to lowest level since December 2021
Drilling activity slumped for a second consecutive week, falling to the lowest level since December 2021. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count
Oil Rig Count Rises Amid Slide in Oil Prices
1 day ago· The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.
Sliding US rig count outpaces efficiency gains,
The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the
Texas drilling falls to two-year low and Permian also declines
Texas saw its rig count fall by three to 289, the lowest level since February 2022 and down 77 rigs from 366 rigs active across the state last year. New Mexico added a rig for
Oil Rig Count Falls Again as Frac Crews Vanish
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
US Oil Rig Count Hits 3-Year Low – Baker Hughes
As the U.S. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling
Texas drilling falls to two-year low and Permian also
Texas saw its rig count fall by three to 289, the lowest level since February 2022 and down 77 rigs from 366 rigs active across the state last
Oil Majors Borrow Billions for Buybacks as Production Wanes
US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over two years. Oil companies are prioritizing
U.S. Oil Drilling Rig Count Falls As Uncertainty Mounts
The number of active U.S. oil and gas drilling rigs fell for the second consecutive week, amidst a decline in US crude oil production and a
How To Explain The Falling U.S. Rig Count Amid
For the week just past, both Baker Hughes and Enverus reported double-digit drops in their respective counts. The Baker Hughes count
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