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U.S. Rig Count Falls for 9th Straight Week, Oil Rigs Hit 3-Year Low – Baker Hughes

Oil Gas Leads

June 30, 2025 The U.S. oil and gas drilling sector continues its downward trend as the Baker Hughes rig count fell for the ninth consecutive week , marking the longest streak of declines since mid-2020. For the week ending June 28, 2025, the total active rig count dropped by 7 to 547 — a 6% decline year-over-year.

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US Oil Rig Count Hits 3-Year Low – Baker Hughes

Oil Gas Leads

The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.

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Mach Natural Resources Expands into Permian and San Juan with $1.3B in Transformative Acquisitions

Oil Gas Leads

Mach Natural Resources LP has announced two major acquisitions totaling $1.3 billion , marking a significant expansion of its asset base and production footprint. Through definitive agreements to acquire oil and gas assets from Sabinal Energy, LLC and IKAV Energy Inc. in Transformative Acquisitions appeared first on Oil Gas Leads.

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Top 5 Strategic Priorities for Permian Resources in 2025

Oil Gas Leads

Optimizing the Asset Base Through Trades and Divestitures While acquiring new acreage, PR is also trimming the fat. 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. while maintaining production guidance at 360,000–380,000 boe/d.

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Industry Bodies Look at Texas Upstream Employment in May

Rigzone

TXOGA noted in its statement that the upstream sector involves oil and natural gas extraction and excludes other industry sectors such as refining, petrochemicals, fuels wholesaling, oilfield equipment manufacturing, pipelines, and gas utilities.

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Total Drops to 537, Down 47 YoY – Baker Hughes

Oil Gas Leads

July 14, 2025 U.S. drilling activity continues its downward slide, hitting its lowest level in nearly four years as operators scale back amid persistent market uncertainty.

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Overcoming the IT/OT disconnect

SmartBrief

When it comes to OT, most folks will talk about how OT manages critical infrastructure elements such as our water systems, fuel pipelines and the electrical grids. Source: CompTIA More about the fourth member of the quad OT is the term used to describe hardware and software systems that monitor and control physical devices. We were helpless.

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