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

Oil Gas Leads

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 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

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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 two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework.

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The Western District of Louisiana Holds that the Federal Energy Regulatory Commission’s Shipper Must Have Title Policy Creates No Private Right of Action

The Energy Law

9/20/2022). On September 20, 2022, the Western District of Louisiana ruled in the defendants’ favor by finding no private right of action generally or specifically under the parties’ agreements. As part of that regulatory authority, the FERC “establishes policies that govern interstate pipeline transportation.” 9/20/2022).

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LNG Facilities Facing Environmental Challenges

The Energy Law

In addition to wetlands impacts, the groups allege that the LNG terminal and an associated pipeline would have a “staggering” impact on the climate in the form of greenhouse gas emissions. A petition filed on July 19 by Sierra Club and Healthy Gulf seeks review of a “dredge and fill” permit granted by the U.S. 717r(d)(1)). [2].

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

The Energy Law

The Bureau of Ocean Energy Management (BOEM) held its third Gulf of Mexico (GOM) Intergovernmental Renewable Energy Task Force meeting on July 27, 2022 (3 rd Meeting). The first two meetings were held on June 15, 2021 , and February 2, 2022 , respectively. According to Ms.

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Louisiana Appeals Court Finds Environmental Justice Is Part of the Louisiana Public Trust Duty

The Energy Law

In September 2022, the district court vacated the facility’s air permits finding, among other reasons, that the Louisiana Department of Environmental Quality (“LDEQ”) had not done a proper analysis under the Louisiana Public Trust Doctrine. Louisiana Department of Environmental Quality , 2023-CA-0578. The First Circuit disagreed.

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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.