Basin, Completion and Technician

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

Oil Gas Leads

JUNE 9, 2025

Several major basins, including the Permian and Eagle Ford, recorded new lows. According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Here is a summary of the U.S.

Gas

Gas Oil Engineer Engineering

Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

APRIL 14, 2025

The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. million bpd ( from 6.57 million bpd in March) Macro Commentary This marks the third consecutive weekly decline in rig activity, driven by oil price pressures and a strategic shift by operators toward shareholder returns over production growth.

Oil

Oil Engineer Engineering Consulting

Permian Activity Drops to 2-Year Low – Baker Hughes

Oil Gas Leads

APRIL 7, 2025

The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022. While Oklahoma, New Mexico, and several other key states held steady in drilling activity, the national rig count dipped againdriven largely by a sharp decline in natural gas rigs.

Basin

Basin Engineer Engineering Consulting

US Rig Count Steady at 592, Oil Up 1, Gas Down 1 – Baker Hughes

Oil Gas Leads

MARCH 17, 2025

crude production to hit record highs for the next two years before plateauing later in the decade. Gas drillers, in particular, may ramp up activity if prices rebound as expected in 2025.

Gas

Gas Oil Engineer Engineering

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

Oil Gas Leads

MAY 19, 2025

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

Engineer

Engineer Engineering Consulting Technician

U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

MARCH 31, 2025

Overall Rig Count : Total U.S. rig count held relatively steady this week, with only a modest overall decline. As commodity prices and demand forecasts continue to evolve, rig count trends will remain a key indicator to watch for future production shifts.

Engineer

Engineer Engineering Consulting Technician

Devon Energy Q1 2025 Drilling Review: Rig Count, Efficiency, and Regional Shifts

Oil Gas Leads

MAY 7, 2025

What Devon Said About Drilling, Rigs, and Completions Devons capital activity in the first quarter averaged 23 operated drilling rigs and 6 completion crews… 136 gross operated wells were placed online, with an average lateral length of 10,700 feet. per Boe, total production cost at $12.42

Drilling rig

Drilling rig Energy Energy Engineer

U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

MARCH 24, 2025

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. Regional Breakdown : Permian Basin : Declined by 1 rig to 300, down by 15 rigs compared to last year. Natural gas output is forecasted to reach 105.2

Engineer

Engineer Engineering Consulting Barrel

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

Oil Gas Leads

APRIL 28, 2025

Texas and New Mexico, the largest basins, remain flat week-over-week. Broader rig activity remains soft overall , signaling cautious capital spending amid uncertain commodity prices and tariffs.

Engineer

Engineer Engineering Consulting Oil

U.S. Rig Count Dips Slightly After Five-Week Streak – Baker Hughes

Oil Gas Leads

MARCH 10, 2025

Gas drilling activity could increase in response to a projected rise in gas prices, potentially benefiting gas-heavy basins like the Marcellus and Haynesville. Key Takeaways The rig count decline is modest , suggesting a more stable period after recent additions.

Engineer

Engineer Engineering Consulting Gas

Taking Carbon Captive

Permian Basin Oil and Gas Magazine

MAY 12, 2025

The real Achilles heel of the whole thing is that the market is completely artificial, he declared, alluding to the fact that this niche leans heavily on government-mandated carbon credits and Inflation Reduction Act funding to cover costs. When completed it will capture up to 500,000 tons of CO 2 annually.

Casing

Casing Abandonment Oil IT

U.S. Rig Count Slides Again Amid Price Volatility – Baker Hughes

Oil Gas Leads

MAY 5, 2025

The Permian Basin , the largest shale oil-producing region, lost two rigsbringing the total to 287, the lowest since December 2021. This puts the national rig count down 3% year-over-year and reflects a broader trend of moderated drilling activity. Key Takeaways: Oil rigs dropped by four to 479, while gas rigs edged up by two to 101.

Engineer

Engineer Engineering Consulting Technician

Energy Aggregated

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

Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Trending Sources

Permian Activity Drops to 2-Year Low – Baker Hughes

US Rig Count Steady at 592, Oil Up 1, Gas Down 1 – Baker Hughes

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

U.S. Rig Count Rises – Baker Hughes

Devon Energy Q1 2025 Drilling Review: Rig Count, Efficiency, and Regional Shifts

U.S. Rig Count Rises – Baker Hughes

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

U.S. Rig Count Dips Slightly After Five-Week Streak – Baker Hughes

Taking Carbon Captive

U.S. Rig Count Slides Again Amid Price Volatility – Baker Hughes

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