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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70). million bpd in 2024, 2 percent more than the previous record set in 2023. Almost all of the production growth has come from the Permian Basin region. million barrels per day in the second quarter of 2025.

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Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

According to the latest Baker Hughes report, oil rigs experienced the steepest single-week decline since June 2023, falling by nine to 480. The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. April 14, 2025 The U.S. million bpd ( from 6.57 million bpd ( from 6.57 oil-producing region.

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

Oil Gas Leads

drilling activity continued to decline last week, marking the sixth consecutive weekly drop in the national rig count—something not seen since late 2023. Several major basins, including the Permian and Eagle Ford, recorded new lows. June 9, 2025 U.S. Here is a summary of the U.S. million bpd (record) 2025: 13.4

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

Oil Gas Leads

Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S. bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

Regional drilling activity remains mixed, with the Permian Basin and Eagle Ford experiencing slight declines, while other areas such as Oklahoma and Louisiana are showing growth. A decline of 5% in 2024 and 20% in 2023 due to lower oil prices and a shift in focus toward shareholder returns and debt reduction.

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U.S. Rig Count Rises for Second Consecutive Week – Baker Hughes

Oil Gas Leads

Texas and New Mexico, the largest basins, remain flat week-over-week. Key Takeaways This week marks the second week in a row of rig count growth first time since February 2025. Oklahoma is a bright spot with +10 rigs YoY.

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Taking Carbon Captive

Permian Basin Oil and Gas Magazine

A third issue for him is that, in basins like the Permian, CCUS projects inject into oil formations that are no longer viable for productionat least, not with todays technology and pricing. billion in 2023 and forecasts a 19.3 That reduces your risk greatly if you do that. It also helps with regulatory compliance for carbon accounting.

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