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

Oil Gas Leads

Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Several major basins, including the Permian and Eagle Ford, recorded new lows. Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged. Here is a summary of the U.S.

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Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

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. According to the latest Baker Hughes report, oil rigs experienced the steepest single-week decline since June 2023, falling by nine to 480. oil-producing region.

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Vaquero Midstream Expands Delaware Basin Footprint with New Pipeline Loop and Cryogenic Plant

Oil Gas Leads

Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.

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ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3

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

Oil Gas Leads

oil and gas rig count remained unchanged this week at 592 , according to the latest Baker Hughes report. While oil-directed rigs increased by 1 to 487 , gas rigs declined by 1 to 100 , reflecting a cautious drilling environment amid shifting market dynamics. March 17, 2025 The U.S.

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Permian Activity Drops to 2-Year Low – Baker Hughes

Oil Gas Leads

April 7, 2025 As the oil and gas industry continues navigating price volatility and shifting capital strategies, the latest rig count data from Baker Hughes and Enverus reveals a mixed picture. The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022.

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. Notably, the Permian BasinAmericas top oil-producing regionsaw a drop of three rigs, bringing its total to the lowest level since February 2022. March 31, 2025 The U.S.