Remove 2023 Remove Completion Remove Technician
article thumbnail

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

article thumbnail

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. 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.

Gas 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. April 14, 2025 The U.S. oil and gas sector faced a notable setback this week as the national rig count dropped by seven, bringing the total to 583 active rigsthe lowest level since early 2022.

Oil 75
article thumbnail

MADE IN AMERICA: U.S.-Built Offshore Wind Substation and Support Vessels Start to Set Sail for Federal Waters

The Energy Law

On May 25, 2023, the Nation’s first U.S.-built After the project’s anticipated completion and sea trials by the end of this year, Charybdis will be deployed for the construction of Revolution and Sunrise Wind. The 262-foot-long SOV just reached 50% completion this April of 2023 after logging over 275,000 work hours.

article thumbnail

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

Oil Gas Leads

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

article thumbnail

U.S. Rig Count Rises — Utica Shale Leads Gains – Baker Hughes

Oil Gas Leads

Despite steady or growing production, especially in crude, rig count remains below 2024 and 2023 levels due to operator focus on capital discipline and shareholder returns. This marks the first increase in the U.S. rig count in four weeks. Utica Shale activity is climbing, with 13 active rigs highest since Feb 2024.

article thumbnail

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

Oil Gas Leads

Broader rig activity remains soft overall , signaling cautious capital spending amid uncertain commodity prices and tariffs.