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July 21, 2025 After a 12-week decline, U.S. oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. Here’s a structured summary and analysis of the latest U.S. rig activity based on the Baker Hughes data and broader market context: Weekly Rig Activity Overview Total U.S.
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.
On May 25, 2023, the Nation’s first U.S.-built The 262-foot-long SOV just reached 50% completion this April of 2023 after logging over 275,000 work hours. Once completed, ECO Edison will house 60 American wind turbine technicians as they work offshore servicing and maintaining the Revolution, Sunrise, and South Fork Wind projects.
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.
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