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

Oil Gas Leads

Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 million bpd (record) 2025: 13.4

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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.

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Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

With market volatility likely to persist, timely rig data and operational insights will be critical for staying ahead in todays dynamic energy landscape.

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

Oil Gas Leads

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

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

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

Gas drillers, in particular, may ramp up activity if prices rebound as expected in 2025.

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