article thumbnail

U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

July 21, 2025 After a 12-week decline, U.S. oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. Here’s a structured summary and analysis of the latest U.S. rig activity based on the Baker Hughes data and broader market context: Weekly Rig Activity Overview Total U.S.

article thumbnail

Top 5 Strategic Priorities for Permian Resources in 2025

Oil Gas Leads

The company sold midstream assets in Reeves County to Kinetik Holdings for $180 million, freeing up capital and sharpening its focus on core E&P operations. The company sold midstream assets in Reeves County to Kinetik Holdings for $180 million, freeing up capital and sharpening its focus on core E&P operations.

E&P 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 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

Gas 52
article thumbnail

Making A Difference First Act

American Gas Association

News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. There are times in life when you know you must act. A Sergeant First Class in the U.S. Once I got out, I saw two gentlemen [in the truck cab],” he said.

Drivers 130
article thumbnail

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

Oil Gas Leads

May 19, 2025 As the U.S. oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady decline in drilling activity even as production forecasts remain bullish. Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs.

article thumbnail

MADE IN AMERICA: U.S.-Built Offshore Wind Substation and Support Vessels Start to Set Sail for Federal Waters

The Energy Law

Once completed, ECO Edison will house 60 American wind turbine technicians as they work offshore servicing and maintaining the Revolution, Sunrise, and South Fork Wind projects. On May 25, 2023, the Nation’s first U.S.-built The Kansas-engineered substation was designed and built by Kiewit Offshore Services, Ltd., the largest U.S.

article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Introduction Saudi Arabia’s power transformation is no longer a vision; it’s happening fast. As the Kingdom advances toward a diversified and tech-driven economy, localised manufacturing is emerging as a vital enabler. At UTEC, we see it as a strategic imperative rather than just considering it a regulatory requirement.