US Oil Rig Count Hits 3-Year Low – Baker Hughes
Oil Gas Leads
JULY 7, 2025
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. Producers may be pivoting to gas due to: Stronger gas prices.
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