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Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
While oil rig counts continued to slip, steady activity in key basins like the Haynesville and a sharp uptick in states like Kansas signal a potential turning point for upstream operations heading into the second half of 2025. Here’s a structured summary and analysis of the latest U.S. bpd (2024) → 13.4M Bcf/d in 2025 from 103.2
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.
According to the latest Baker Hughes report, oil rigs experienced the steepest single-week decline since June 2023, falling by nine to 480. While gas rigs saw a slight uptick, the overall trend reflects a cautious stance by operators amid weaker oil prices, shifting market dynamics, and growing geopolitical uncertainty.
On May 25, 2023, the Nation’s first U.S.-built flagged offshore wind service operations vessel (“SOV”), named the ECO Edison, is currently being built at the Edison Chouest Offshore (“ECO”) shipyard in Houma, Louisiana. The 262-foot-long SOV just reached 50% completion this April of 2023 after logging over 275,000 work hours.
Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs. May 19, 2025 As the U.S. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025. bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M
While overall activity remains below year-ago levels, the increaseled by gains in the Utica Shale and several key producing statessignals cautious momentum as operators navigate persistent price pressures and prioritize efficiency. The total rig count rose by two, with both oil and gas rigs each ticking up by one.
Rig Count Total Rigs: 587 Change from Last Week: +2 rigs Change from Last Year: -26 rigs ( -4% YoY decline) Last year same time: 613 rigs Breakdown: Oil rigs: 483 (+2 from last week) Gas rigs: 99 (+1 from last week) Miscellaneous rigs: 5 (-1 from last week) Rig Location: Land: 571 rigs Inland waters: 3 rigs Offshore: 13 rigs (unchanged) State-Specific (..)
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. Overall Rig Count : The total number of active drilling rigs in the U.S. rose by 1 to 593, which is 31 rigs (5%) below the count from the same period last year (624 rigs). Oil Rigs : Fell by 1 to 486 this week.
Should the CCUS operation move a nearby leases oil out of reach, this could lead to litigation, MacDonald said. This lets Oil States technicians connect a new upper casing or wellhead to a stump of cut-out casing below the surface, to make a seal equivalent to the original premium casing connections in axial load and pressure sealing ratings.
According to Baker Hughes latest rig count released on May 2, the total number of operating rigs fell by three to 584. Rig activity fell by about 5% in 2024 and 20% in 2023. May 5, 2025 For the first time in three weeks, U.S. Key Takeaways: Oil rigs dropped by four to 479, while gas rigs edged up by two to 101.
Psychiatrist John Walkup of Lurie Children’s Hospital of Chicago and Thomas Saggio , director of behavioral health operations for St. Ten years ago, we would have about 765 [young behavioral health patients] show up for services in our emergency department, and in 2023 we had a high of 2,176,” Saggio noted. “We
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