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Oil Rigs Down, Offshore Activity Up – Baker Hughes

Oil Gas Leads

Offshore drilling saw a temporary rebound , gaining 4 rigs. Here is a summary of the U.S. drilling continues a slow decline , led by losses in oil-directed rigs. Here is a summary of the U.S. drilling continues a slow decline , led by losses in oil-directed rigs. Texas remains the top drilling state despite a consistent downward trend.

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Rig Count Falls to 563 – Oil Rigs Down, natural gas rigs posted a slight gain – Baker Hughes

Oil Gas Leads

Here is a summary of the U.S. rig count changes based on your update: National Overview Total U.S. Here is a summary of the U.S. rig count changes based on your update: National Overview Total U.S.

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Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

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.

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

Oil Gas Leads

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

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

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.

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U.S. Rig Count Rises — Utica Shale Leads Gains – Baker Hughes

Oil Gas Leads

million bpd in 2025 , even with falling spot prices. With the EIA projecting record U.S. crude output in 2025, even amid softening prices, the latest rig count underscores the industry’s resilience and its strategic approach to navigating a volatile market.

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

Oil Gas Leads

However, industry leaders at CERAWeek warn that infrastructure constraints could pose long-term challenges. 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.

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