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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.
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.
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
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
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.
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.
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.
The Permian Basin , the largest shale oil-producing region, lost two rigsbringing the total to 287, the lowest since December 2021. Rig activity fell by about 5% in 2024 and 20% in 2023. This puts the national rig count down 3% year-over-year and reflects a broader trend of moderated drilling activity.
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