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oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward naturalgas. Strategic Shift Toward Gas: Naturalgas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.
This calls for reskilling programs and investment in high-value roles such as field technicians with advanced digital competencies. Each technician receives a personalized, fully optimized agenda every morning via their tablet, enabling them to focus on execution, not coordination.
Whether you’re a first-time buyer or moving from one home to another, there are a few easy steps you can take to make sure your naturalgas home is ready for move-in. Set up service with your naturalgas utility provider. Understand what naturalgas appliances are in your home and get acquainted.
Oil rigs led the decline, while naturalgas rigs posted a slight gain. June 2, 2025 The U.S. rig count continued its downward trend last week, dropping by 3 rigs to 563 the lowest level since November 2021. Oklahoma and the Marcellus/Utica region saw notable shifts, with mixed results across other key producing states.
The recent decline in rig countsespecially in the Permian Basinsignals a measured approach to production, even as long-term demand for both oil and naturalgas is expected to grow. With market volatility likely to persist, timely rig data and operational insights will be critical for staying ahead in todays dynamic energy landscape.
crude and naturalgas production over the next two years, driven by strong LNG demand and increasing power consumption from data centers. NaturalGas Outlook: The EIA forecasts a 73% increase in gas prices in 2025 , which could incentivize more drilling after a 14% price drop in 2024. bcfd in 2024 to 105.2
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.
oil and naturalgas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025. Energy Information Administration (EIA) projects continued growth in both crude oil and naturalgas output throughout 2025. Naturalgas output is forecasted to reach 105.2
On the naturalgas side, the EIA predicts a 73% increase in spot gas prices in 2025, which could prompt producers to boost drilling activity following a 14% price drop in 2024. naturalgas production is forecasted to reach 104.6 crude oil production will rise from a record 13.2 million bpd in 2025. bcfd in 2024.
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