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U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

bpd (2024) → 13.4M bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2024) → 13.4M Bcf/d in 2025 from 103.2

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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 June 9, 2025 U.S. Here is a summary of the U.S.

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US Oil Rig Count Hits 3-Year Low – Baker Hughes

Oil Gas Leads

The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

10 Based on the European Union’s 2021 emissions. billion available for allocation between 2021 and 2027, with about €630.0 The Connecting Europe Facility-Energy (CEF-E) has a budget of approximately €6 billion available between 2021 and 2027 to help the transition toward clean energy. Horizon Europe has made €95.5

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U.S. Rig Count Falls for 9th Straight Week, Oil Rigs Hit 3-Year Low – Baker Hughes

Oil Gas Leads

Oil rigs at their lowest since October 2021. Gas rigs up YOY , signaling selective interest in gas-focused plays. Wyoming experienced the steepest weekly drop , losing 5 rigs. Oklahoma’s rig count remains above 2024 levels , despite a weekly dip.

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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Devon’s leadership noted that, while the Delaware Basin is the growth engine, the Anadarko Basin remains a strategic part of the portfolio that they can ramp up or down as needed. Coterra Energy (CTRA) – Oklahoma (Anadarko) Segment Coterra Energy was formed from the 2021 merger of Cimarex and Cabot.

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Petronas Brings SMJ Energy Onboard Its Third FLNG Project

Rigzone

The engineering, procurement and construction contracts have gone to JGC Holdings Corp. These deals are part of the Commercial Collaboration Agreement that Petronas signed with the state government in 2021. According to the company, it is the first nearshore FLNG facility in the world. and Samsung Heavy Industries.

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