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U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M Rig Count: Increased by 7 rigs to 544 — first weekly gain in 12 weeks , and the largest since December. bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2 bpd (2025) Gas Output: EIA sees an increase to 105.9

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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). Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024. million bpd in 2024, 2 percent more than the previous record set in 2023.

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U.S. Rig Count Falls for 9th Straight Week, Oil Rigs Hit 3-Year Low – Baker Hughes

Oil Gas Leads

Oklahoma’s rig count remains above 2024 levels , despite a weekly dip. Oil rigs at their lowest since October 2021. Gas rigs up YOY , signaling selective interest in gas-focused plays. Wyoming experienced the steepest weekly drop , losing 5 rigs.

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

Oil Gas Leads

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 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

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Shell's LNG Outlook 2024 predicts that global LNG demand will grow by approximately 50% by 2040, driven by emerging economies like India and Vietnam that are prioritising lower-emission energy sources to fuel their development while meeting climate commitments.

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Top 5 Strategic Priorities for Permian Resources in 2025

Oil Gas Leads

Rigs like H&P 313 and H&P 375 have already drilled 50+ wells in 2024 across New Mexico and Texas. in 2024, through: Base and variable dividends Opportunistic share buybacks Low reinvestment rate (~35%) At a P/E ratio of just 8.57x and current share price of ~$15, analysts see room for upside.

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Total Drops to 537, Down 47 YoY – Baker Hughes

Oil Gas Leads

Rigs : 537 (↓ 2) – lowest since Oct 2021 Oil Rigs : 424 (↓ 1) – lowest since Sept 2021 Gas Rigs : 108 (unchanged) Misc.