US Oil Rig Count Hits 3-Year Low – Baker Hughes
Oil Gas Leads
JULY 7, 2025
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward natural gas. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices. LNG export growth potential.
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