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Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes

Oil Gas Leads

According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 Here is a summary of the U.S.

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With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

The Infrastructure Investment and Jobs Act (IIJA), signed into law on November 15, 2021, amended Section 40307 of the Outer Continental Shelfs Act (OCSLA) to provide authority to the U.S. The Council on Environmental Quality (CEQ) issued a “ Report to Congress on Carbon Capture, Utilization, and Sequestration ” in June of 2021.

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United States Supreme Court Blocks New Jersey’s Sovereign Immunity Challenge to FERC Certificate Holder’s Condemnation of State-Owned Land

The Energy Law

On June 29, 2021, the United States Supreme Court, in a 5-4 vote, held that a natural gas company’s right to condemn property for a pipeline under the Natural Gas Act includes the right to condemn state-owned property. In PennEast Pipeline Co. In January 2018, FERC granted PennEast’s request.

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U.S. DEPARTMENT OF INTERIOR ISSUES 60-DAY MORATORIUM ON FEDERAL LEASING AND DRILLING PERMITS

The Energy Law

Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry.

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Rig Activity Down, Production Up – May Rig Count Recap – Baker Hughes

Oil Gas Leads

May 19, 2025 As the U.S. oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady decline in drilling activity even as production forecasts remain bullish. Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs.

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BOEM Overview of Proposed Gulf of Mexico Offshore Wind Areas and Draft Environmental Assessment

The Energy Law

The first two meetings were held on June 15, 2021 , and February 2, 2022 , respectively. The scope of the draft EA includes the entire 30-million-acre Call Area, as it is a programmatic assessment and may be used for more than 1 lease sale. According to Ms. During her presentation, Ms.

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MADE IN AMERICA: U.S.-Built Offshore Wind Substation and Support Vessels Start to Set Sail for Federal Waters

The Energy Law

The substation’s maiden voyage marks a major milestone in the development of Jones Act compliant offshore wind vessels necessary to bring the large amount of federal utility-scale projects in the pipeline to fruition. back in 2021. back in 2021. On May 25, 2023, the Nation’s first U.S.-built the largest U.S. the largest U.S.